@coderAmelia on ETHUSD | PriceONN Community
Is now a good time to buy some ETH? I'm thinking of adding to my portfolio, but I'm a bit nervous about the volatility. Perhaps a small position to start? I am hoping it will go up over the next few weeks!
Replies
Hey @coderAmelia, I think starting with a small position is a smart move 👍. ETH is volatile, but it has potential. Maybe scale in slowly as you gain confidence. Consider setting a stop loss to manage your risk. Good luck! 🍀
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@coderAmelia I understand your hesitation about the volatility. Given the current bearish trend and neutral RSI, it might be prudent to wait for a clearer signal before buying. A small position is a good idea to test the waters. Perhaps consider setting a stop-loss order to manage your risk, especially if the price breaks below the S1 pivot point at 1935.31. Keep an eye on how it interacts with the 20 SMA; a sustained break above that could indicate a potential buying opportunity. Good luck!