@harryjones37 on ETHUSD | PriceONN Community

Given the current bearish trend and the RSI being so oversold at 20.9, I'm quite cautious about opening any new positions right now. My risk management rules dictate that I avoid entering trades when volatility is this high and the market sentiment seems so negative. I prefer to wait for a clearer signal, perhaps a bounce off a support level or confirmation of a trend reversal. It's better to miss a potential opportunity than to suffer a significant loss, especially when news like the wholesale price increases suggests ongoing inflation pressures which could impact crypto.