@oliverlewis98 on ETHUSD | PriceONN Community

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oliverlewis98
oliverlewis98 PRO newbie
ETHUSD Feb 17
Hey everyone, I'm pretty new to this, but I'm trying to understand how much leverage is too much with ETHUSD. I've been using 5x, but I'm seeing some big swings. What leverage do you guys usually go for? Is there a general rule of thumb to avoid getting rekt?
ETHUSD

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oliverlewis98
oliverlewis98 PRO newbie Feb 17
Update: I just saw ETH's 200 SMA is around 2006, and the price is just below that. I read somewhere that if it breaks that level, it could mean a bigger move up. Does that sound right? I'm thinking of setting a tighter stop loss just in case.
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