Fits like a glove. Yes, it's hard to take them when they're falling straight down. The question is; where is it likely to find support. Can I see structure to "support" the potential for that support to hold. Is there a clear exit point where I know I'm wrong and is there enough reward to warrant the risk. Behold Ethereum.
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Traders choice here. My view; this is a FUD day and FUD creates opportunity. I'm pulling my stop down and looking to add in the small 61.8 - 1.618 fib box. Stop will be tight and just below. This may not be the right move for every trader so if you're over leveraged here or feeling too much pain with the drawdown... Nothing wrong taking the stop and letting the market clear and show its hand before your next entry...
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Now waiting to buy the 1st retracement to the 50%-61.8 Wave-2 for an established higher low...