@ronald1997 on ETHUSD | PriceONN Community

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ronald1997 PRO newbie
ETHUSD Mar 4
Well, I just got stopped out on ETHUSD. Took a small loss. Was trying to catch a bounce near the 2000 level, but it just kept dropping. I'm still learning how to read these charts better. Gonna review what I did wrong later tonight. Maybe I should have waited for more confirmation.
ETHUSD

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ronald1997 PRO newbie Mar 4
Update: Looking back at the chart, I think my stop loss was too tight. I set it right below 2000, which was an obvious place for it to get triggered. Should have given it a little more room to breathe, maybe down to 1990 or so. Also, RSI was already pretty high when I entered, so probably wasn't the best entry point. I need to be more patient and wait for better setups. Risk management is hard, but I'm trying to improve every trade.
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