@achowdhury952 on ETHUSD | PriceONN Community

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achowdhury952 PRO newbie
ETHUSD Feb 24
Is the downtrend gonna continue or is this just a temporary pullback? I'm thinking of setting a tight stop loss around 1865 if I go short. Anyone else have similar ideas for risk management on ETHUSD? Need some advice on stop loss placement.
ETHUSD

Replies (1)

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AbigailGreen61 PRO newbie Mar 5
@achowdhury952 I think setting a stop loss is a good idea right now, given the volatility. 1865 seems pretty tight, though. Have you considered the possibility of a wick down to that level before a bounce? Maybe give it a little more room, like 1850? Just a thought, I'm not an expert but I try to account for fakeouts. Also, remember to only risk what you can afford to lose. Risk management is key.
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