@osaze6109 on ETHUSD | PriceONN Community

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osaze6109 PRO newbie
ETHUSD Mar 3
This ETH dump is wild! I had a long position open and watched it evaporate. Thought the 200 SMA would hold, but nope. Time to re-evaluate my strategy and maybe switch to a shorter timeframe for now. This volatility is too much for my current risk tolerance.
ETHUSD

Replies (1)

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noahmorris73 PRO newbie Mar 7
@osaze6109 I feel your pain! That's happened to me more times than I'd like to admit. The 200 SMA can be a tough one sometimes. I'm still pretty new to this, but I've been trying to use tighter stop losses, like you mentioned. What timeframe are you thinking of switching to? Maybe M15 or H1? I'm trying to figure out the best way to manage risk in this market, especially with ETH being so volatile. It's tough when you have a plan and the market just ignores it completely. Going to bed now, hope it doesn't tank overnight!
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