@redBear9 on ETHUSD | PriceONN Community
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Reading @sneha1995's post about YOLOing with leverage... man, I get the thrill, but that's a dangerous game long-term. My approach is pretty simple: define your risk BEFORE you enter. For ETH, even with this quiet Sydney session, I'm looking at S2 pivot around 2047.76. If I were to short, my stop would be *above* that, probably near the P pivot at 2050.76, so I'm not getting stopped out by noise. And if I'm going long, I'm looking for a clear break of R1 or R2 with volume confirmation, and my stop would be below the 20-period SMA. It's about not letting emotions dictate your stop placement. Let the chart tell you where the invalidation point is, not your gut feeling about making a quick buck. This Iran news is definitely adding some underlying tension though, so even these quiet sessions can pop off unexpectedly.