@IceStorm69 on ETHUSD | PriceONN Community
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I'm starting to scale into a long position here around 2110. I'm only allocating 1% risk to this trade, given the overall market volatility. I'll add to it if we break above 2120, but if it breaks lower, I'm out. Keeping it tight.
Replies
Hey @IceStorm69, I see you're scaling into a long around 2110. I'm a bit hesitant to go long with how ETHUSD is trading right now, especially with the drop today. Good luck with your trade though! 👍
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Hey @IceStorm69, I see you're trying to scale into a long. I appreciate the risk management with only 1% allocated, that's smart. But honestly, seeing ETHUSD break below the 200 SMA today and that RSI is deep in bearish territory, I'm feeling a bit skeptical about longs right now. This drop seems pretty solid, especially with the broader risk-off sentiment from the oil news.