@kharris369 on ETHUSD | PriceONN Community

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kharris369
Yeah @AVillanueva80, I get what you mean about the market makers. I'm actually scaling into a short position here, super light at first. Just a tiny bit around that 2150 resistance, maybe 0.5% of my capital. If it pushes up to the 2158 area, I'll add a bit more, but only if it looks like it's struggling to break higher. My stop loss is gonna be tight though, probably just above 2160, like 2161.50. If that gets hit, I'm out and I'll re-evaluate. The goal isn't to catch the absolute top, it's to get a piece of the move if it starts to roll over. This low volume action makes me think a sharp move is coming, and I want to be on the right side of it without risking the whole farm. Gotta manage this risk, you know?
ETHUSD

Replies (1)

gauravshah96
gauravshah96 PRO newbie Mar 28
Interesting @kharris369. Scaling into a short sounds smart if you're seeing resistance around 2150. I'm just watching this 2019.76 SMA level, looks like it's acting as immediate resistance for now.
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