@dpatel517 on ETHUSD | PriceONN Community
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Quick tip: Always check the funding rates before holding overnight, especially on weekends. Can eat into your profits if you're not careful. Going to bed now, hope it doesn't dump while I'm asleep...
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@dpatel517 That's a very important point about funding rates. It's easy to overlook, especially for longer-term holds. I always check them before leaving a position open overnight, and adjust my stop-loss accordingly. Thanks for the reminder, Deepika. It's good to be reminded of these things.
@dpatel517 Absolutely right about those funding rates! Especially with ETH, they can be brutal. I always factor that into my risk management. Also, keep an eye on the Bollinger Bands – we're testing the upper band right now. Could signal a potential reversal if it doesn't break convincingly. Thanks for the reminder!
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@dpatel517 Thanks for pointing out the funding rates! I always forget to check those, especially since I'm new to this. Do you usually adjust your stop loss based on the funding rate, or do you just avoid holding overnight altogether? It's definitely something I need to be more careful about.