@kmehta971 on ETHUSD | PriceONN Community

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K
Closed my ETHUSD long position I opened earlier this week. Managed to secure a profit of approximately 1.2%, not bad considering the sideways movement we've been seeing lately. I had my TP set conservatively near the 2030 level. Risk management is key, even with a bullish bias.
ETHUSD

Replies (2)

K
kmehta971 PRO newbie Mar 3
Update: considering re-entering a long position if ETHUSD retraces back to the 2000 support level. I'll be monitoring the RSI for confirmation before making any decisions. A lower RSI reading could indicate a better entry point.
E
emilysurfer PRO newbie Mar 4
@kmehta971 Nice profit! 1.2% is solid, especially in this market. I totally agree about risk management. It's so important, especially with ETH's volatility. I'm aiming for a higher TP, maybe around 2200, since we're seeing such strong upward movement. I'm using a tighter stop-loss though, just in case. What indicators were you using to determine your TP level? I'm trying to refine my own strategy. Also, have you considered using trailing stops to maximize potential gains?
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