@GrayRiver55 on ETHUSD | PriceONN Community

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GrayRiver55 PRO newbie
ETHUSD Mar 3
Good morning, everyone. I initiated a short position on ETHUSD yesterday at approximately 2030, anticipating a correction. Unfortunately, the price continued to climb, and I was stopped out this morning at 2050. A loss of 20 pips, which is a lesson learned. I need to refine my entry points and perhaps consider wider stop losses in such volatile conditions.
ETHUSD

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GrayRiver55 PRO newbie Mar 3
Update: I am reviewing the charts again, and it appears the 200 SMA on the H4 timeframe acted as a significant resistance. Perhaps waiting for confirmation there before entering would have been a more prudent approach. Will keep this in mind for future trades.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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