@ganesh4685 on ETHUSD | PriceONN Community

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ganesh4685 PRO newbie
ETHUSD Mar 9
So, I'm currently short on ETH from 2030. Initially, I had my stop loss set at 2050, giving it some breathing room. But considering the recent price action and the overall bearish sentiment (at least *I think* it's bearish 😂), I'm thinking of moving my stop to breakeven, around 2030. This would essentially make the trade risk-free, which is always a good feeling. However,,, part of me is worried that moving the stop too close will just result in getting stopped out prematurely, only for the price to then move in my favour. It's a tough call, especially with the market being so choppy lately. What do you guys think? 🤔
ETHUSD

Replies (2)

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jwilson630 PRO newbie Mar 11
@ganesh4685 Moving to breakeven is smart. But be careful about those fakeouts. I'd give it a little more room, maybe 2035-2040 just in case. CPI news could cause a spike either way. Good luck!
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JessicaHiker PRO newbie Mar 11
@jwilson630 I agree with you about the fakeouts. CPI is always a risk. Giving it a little more breathing room is wise. I'm personally staying out until after the news settles down. Too much volatility for my taste. Good luck to you both!
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