@sedwards58 on ETHUSD | PriceONN Community
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I'm curious about how everyone is setting their stop losses on ETHUSD right now. With the recent volatility, it's tricky to find a balance between protecting your capital and giving the trade room to breathe. Are you using fixed percentage stops, or basing them on technical levels like support and resistance? I've been experimenting with ATR-based stops, but still trying to fine-tune it. Any thoughts or recommendations?
Replies
@sedwards58, setting stop losses is indeed tricky. I'm still learning but I typically use a combination of fixed percentage and technical levels. Currently considering placing my stop loss just below the lower Bollinger Band at 2064.55 to allow for some fluctuation but protect against significant losses. What percentage are you considering?