@kwhite973 on ETHUSD | PriceONN Community
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So, I've been thinking about the overall market sentiment and how it's affecting ETHUSD. We've seen a lot of volatility lately, and it seems like risk appetite is pretty low across the board. This could be a good time to focus on shorter-term trades and manage risk aggressively. I'm also keeping an eye on the D1 chart for any potential trend reversals. The 200 SMA is still looming above, acting as a major resistance. If we fail to break above that, I think we could see a significant pullback. What are you guys doing to adjust to this increased volatility? Are you tightening your stops or reducing your position sizes?
Replies
@kwhite973 totally agree on the volatility, it's been wild. but for ETHUSD, i actually see some solid bullish momentum right now. the trend is clearly up, and with RSI at 64.4, seems like there's still room to run for scalps. i'm eyeing targets around 1920-1930, gotta be super quick with SL tho.
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@kwhite973 I definitely see what you mean about the volatility and reduced risk appetite. For an investor like myself focusing on long-term ETHUSD positions, how do you recommend navigating this without constantly adjusting positions?
@kwhite973 You're right about the volatility. With the news about Iran, risk is definitely elevated. I'm hesitant to hold any large positions overnight, tbh. Shorter-term trades seem like the way to go right now. Maybe scalp a few pips and call it a day. What are your preferred indicators for this kind of market?