@harryjones37 on ETHUSD | PriceONN Community
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Given the current bearish trend and the RSI being so oversold at 20.9, I'm quite cautious about opening any new positions right now. My risk management rules dictate that I avoid entering trades when volatility is this high and the market sentiment seems so negative. I prefer to wait for a clearer signal, perhaps a bounce off a support level or confirmation of a trend reversal. It's better to miss a potential opportunity than to suffer a significant loss, especially when news like the wholesale price increases suggests ongoing inflation pressures which could impact crypto.