@brandonharris on ETHUSD | PriceONN Community

Actually, thinking about it more, maybe that earlier bounce was just a small relief rally before it keeps dropping. I've been fooled by those fake outs before. I need to be more patient and wait for clear signals, not just jump in because I see a green candle. My gut says more downside still.

Responding to @brandonharris, I hear you about chasing moves. It's a classic trap for sure. For ETHUSD specifically, I've been using a scaling-in strategy on potential long entries. Instead of going all-in at what I think is the bottom, I'll take a partial position around a key support level, like the S2 pivot around 2265 we saw earlier. If price holds and starts moving up, I add more to the position as it breaks above intermediate resistance levels, say around the 50 SMA which is currently at 2312. This way, I'm not getting completely wiped out if it breaks lower, and I'm averaging down into strength. Stop loss is set below the initial entry point, adjusted as I scale in. It takes discipline, but it smooths out the entry volatility.