@rahul3026 on ETHUSD | PriceONN Community

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rahul3026 PRO newbie
ETHUSD Mar 19
Watching ETHUSD closely today. I entered a short position around 2175 earlier, and it's moved down significantly. I've decided to move my stop loss to breakeven at 2175. Better to secure the initial capital given the volatility. The RSI is still below 40, which is concerning for bulls, and the price is below the 200 SMA. I'll re-evaluate if it breaks above 2180.
ETHUSD

Replies (1)

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danielstewart89 PRO newbie Mar 25
Hey @rahul3026, moving your stop to breakeven is smart if you're worried about volatility. But honestly, if you're shorting ETH and it's already dropped, why not let it run? You're talking about RSI below 40, that's prime selling territory! 📉 Don't be scared of the capital, make the capital work for you! I just dumped another 50k into my short at 2162. We're heading for that 2150 support, easy money. Let it breathe, and let the profits roll in. 💰
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