@joshua2494 on ETHUSD | PriceONN Community
Man, ETH is just dropping like a rock today. I'm trying to scale into a short position, but I'm only going in small chunks. Like, I took like 0.1 lot at 2075, then another 0.1 at 2070. I'm thinking if it breaks below 2050, I'll add a bit more. Gotta be careful with this volatility.
Replies
Yeah, I actually just added another 0.1 lot at 2060. My average is around 2067 now. I'm still watching closely, don't want to get caught if there's a sudden bounce. The news about institutions still buying crypto is kinda making me nervous about going too heavy on the short side, even though it's dropping hard right now.
Hey @joshua2494, I hear you on scaling in. It's smart not to go all-in at once with this kind of chop. That news about inflation and the Fed possibly hiking rates is definitely adding to the bearish sentiment for me. It makes sense why you'd be looking to short this weakness. But man, it's hard to watch it drop like that. I tried to catch a bounce around 1980 earlier but got stopped out quick. The market feels super unstable right now, like anything could happen. Are you planning to add more if it hits your 2050 target, or are you just waiting for confirmation? I'm just hoping it doesn't keep falling all night.