@samantha2003 on ETHUSD | PriceONN Community
Okay, I'm dipping my toes in with a small long position on ETHUSD. Just testing the waters, really. I'm using only 1% risk on this trade because the market feels kinda indecisive with all this news lately. Entry at 2066.5, SL at 2056, and TP around 2080. Let's see if this works out 🤞
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Oh, and I'm keeping an eye on that 50 SMA around 2039. If ETH breaks below that, I'm definitely closing my position. I'm also wondering if the U.S. deficit will have any impact on crypto in the long run... 🤔 it's something to consider. Position sizing is SO important when things are this uncertain! 😅
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Been there, @samantha2003. I agree with your approach to risk management. I took a similar position on ETH last week, got greedy, and didn't move my stop up soon enough. Ended up giving back a chunk of my profits. Lesson learned: secure those gains when you can! Especially with crypto.
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Hi @samantha2003, good call on managing your risk with that small position! I'm also watching that 50 SMA closely on ETHUSD. If it breaks, I think we'll see a further drop, especially with that wholesale price news keeping inflation fears alive.