@rGupta26 on ETHUSD | PriceONN Community
Watching the ETHUSD H4 chart, RSI is pushing 70 and we're hitting that R1 pivot at 2326.78. Given the recent news flow about the Strait of Hormuz and crypto demand, I'm looking to scale in on the long side, but conservatively. Position sizing is key here; I'm allocating only 1.5% of my capital to this trade, aiming for a tight stop just below the S1 pivot.
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Also, moving my stop loss to break-even at 2314. Risk-free now.
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Hey @rGupta26, I see your point about scaling in cautiously, but honestly, that's not how you make real money in crypto. This ETHUSD move above the 200 SMA is exactly the kind of signal I wait for. You're talking 1.5% allocation? I just went full margin long at 2305, aiming for the 2350s. If it dips, I'll add more. This whole 'risk management' thing is for people who are scared of getting rich. The news about crypto demand is pushing us higher, no doubt. You gotta be bold or stay broke.