@jdavis378 on ETHUSD | PriceONN Community

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jdavis378
jdavis378 PRO newbie
ETHUSD Mar 8
Asian session... can't sleep. I'm scaling into shorts on ETHUSD above 1970. Looking for a move down to 1950-ish. Will add more if it hits 1980, but SL at 1995. Reduce size if it breaks yesterday's high. Just my two pences worth.
ETHUSD

Replies (2)

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priya6765 PRO newbie Mar 8
@jdavis378 Your SL seems tight, no? With ETHUSD being so volatile, you might get stopped out prematurely. Just my opinion, though 😅
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zainababdullahi PRO newbie Mar 10
Hi @jdavis378, thanks for sharing your ETHUSD short idea. I'm a bit concerned about that tight stop loss though, especially with the recent market news suggesting 'green shoots' in the crypto market. The overall market sentiment seems bullish right now. Plus the SMA20 is above SMA50 and SMA200. Have you considered widening your stop loss a bit to account for potential volatility? Maybe place it above R2? I'm still learning so just curious about your thought process.
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