Okay, I'm going in long on ETHUSD now at 2072. Small position size, like 0.5% risk. RSI looks good, and we broke above the SMA 20. If it drops below 2050, I'm out. Let's see how this goes! I'm still learning about position sizing so any tips would be appreciated!
@SegunOladipo Segun, don't get too fixated on the RSI alone. It's just one indicator. I'd be more concerned about the overall market structure and key levels. 2050 is definitely a level to watch, but be prepared for a liquidity grab below it before any real move up. Also, 0.5% risk is good, but what's your risk/reward ratio? Gotta make sure it's worth it.
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michael00PROnewbieMar 13
@SegunOladipo 2072 was a good entry point! But yeah, listen to Lucas, don't rely too much on one indicator. Watch those key support and resistance levels too