@chukwudi6660 on ETHUSD | PriceONN Community
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I'm holding a reduced position size on ETHUSD right now. Given the choppy action around the 200 SMA and the lingering macroeconomic uncertainty, I've scaled back my usual exposure by about 40%. It's about risk management; preserving capital during these ambiguous periods is key before a clearer trend emerges. Waiting for a decisive break above the daily pivot at 2142.69 or a firm rejection below the lower Bollinger band at 2124.84.
Replies
Chukwudi, I agree with your strategy of reducing position size in this environment. It's wise to be cautious when ETHUSD is dancing around key moving averages like the 200 SMA. I've noticed the volatility has picked up a bit during this New York session, which can be deceptive. I'm personally looking for a confirmation signal before committing more capital. The fact that the price is currently below the 20 and 50 SMAs is a bit concerning for the short term, even if the long-term outlook remains positive. Managing risk is paramount, especially with the macroeconomic news flow we've had recently.