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My ETH long from 1970 is making me nervous. It's hovering around 1983 now. I've moved my stop loss up to 1965 to lock in some profit, but I'm still watching it closely. Hoping it breaks through that 2000 resistance soon! This sideways movement is stressful.
@YogaSana I feel your pain! I'm also in a long position and this sideways movement is killing me. I'm relatively new to this, so I'm still learning how to manage my emotions during these periods. You mentioned moving your stop loss. Is that always the best strategy when things get choppy? I'm worried about getting stopped out prematurely. What indicators do you usually look at to determine if it's just normal fluctuation or a sign of a reversal? I'm trying to use the RSI and SMA, but still not confident in my analysis.