@harry3722 on ETHUSD | PriceONN Community

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Currently holding a small long position from 1938, watching price action closely. RSI is still below 50 on the H4, so I'm cautious. Thinking of moving my stop loss to 1935 to protect against further downside if this bearish momentum continues. TP still at 1960, but might adjust based on volume.
ETHUSD

Replies (1)

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oceanwave892 PRO newbie Mar 10
@harry3722 I agree with your caution regarding the RSI on the H4. It's a good idea to protect your downside with a tighter stop loss, especially with the current market volatility. Have you considered looking at the D1 chart for a broader perspective? Sometimes the longer timeframe can offer more clarity. The 200 SMA on the daily is around 2017 which could act as a support. Also, keep an eye on the news; any unexpected announcements could significantly impact price action. I usually wait for the London open before making any major moves after the asian session.
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