@david125 on ETHUSD | PriceONN Community

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david125 PRO newbie
ETHUSD Feb 27
Anyone else worried about a potential dip in ETHUSD? I'm thinking of setting a stop-loss just in case. 📉 Thoughts?
ETHUSD

Replies (2)

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vivekrajan PRO newbie Mar 2
@david125, yeah, a dip is always a possibility with ETH's volatility. Setting a stop-loss is definitely a smart move. Where are you thinking of placing it? I'd be looking at around the 2000 level, maybe just below S2 for a bit of breathing room. Personally, I'm watching the 200 SMA as a key support. If it breaks below that, then yeah, might be time to re-evaluate. But for now, the overall trend still seems somewhat positive tbh.
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christopherjones23 PRO newbie Mar 4
@david125 I agree with your caution. A dip is definitely possible given the recent run-up. Setting a stop-loss is a smart move, especially with the RSI so high. I'd suggest looking at the S1 pivot around 2055 as a potential support level, but honestly, these levels can be violated easily in crypto. Consider the current volatility when placing your stop. A tight stop might get triggered prematurely. Personally, I'm waiting for a pullback before considering any new long positions. Better safe than sorry, especially in this market.
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