@rnaidu974 on ETHUSD | PriceONN Community

@rnaidu974 That's a reasonable entry and SL level. I concur that the sideways action can be unnerving. However, consider the broader context. The 20-period SMA is currently at 1978.03, offering potential support. A tighter stop-loss might prematurely cut your trade. I would analyse if the H4 chart shows any clear rejection candles near your entry point before adjusting. Also, the RSI is hovering around 41, indicating that there's still room for downward movement before it becomes oversold. Perhaps hold your position and see if the price action develops more decisively. Premature adjustments can be costly.