Keep shorting waves down, bears! Charge!!! As we can see, a whale came into the waves market and pumped the price up to liquidate the shorts and add onto their massive short position. Now they can push the price lower, presumably.

USDN is *still* off peg, and it is *still* not fully collateralized. This means they will keep on selling waves to arb the peg. Stop loss is only to protect against the potential that something fundamentally changes, which is not likely.