macro factors: federal reserve quantitative tightening money being sucked out of most markets
technical factors: being supported on a grind line with each bounce being sold off more and more aggressively. this confluences with the price action we see on many different alt coins, ADA especially which broke its descending triangle to the downside.
technical target: USD 755 stop loss : USD 1347
good luck and namaste
Trade closed: stop reached
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stop loss triggered. short trade closed and opened a long position. took a small managed loss this could be bottom for now namaste