@justinthompson92 on ETHUSD | PriceONN Community
J
@mWright65 I'm with you on the choppy action. I'm not scalping but when it goes down like this, I like to add a little bit more if it hits a certain level. Like if ETHUSD drops to like 2290, I might buy a bit more to average down. But if it breaks 2280, I'm out though. Don't wanna get caught in a big dump.
Replies
Hey @justinthompson92, averaging down like that is a dangerous game. You're basically doubling down on a losing position. If ETHUSD breaks 2280 like you said, you'll be in a much worse spot. I prefer to just take my stop and look for a fresh entry on the other side. No point in trying to catch a falling knife.