@AmitJoshi on ETHUSD | PriceONN Community
Pulled my stop loss to breakeven on the ETHUSD long around 2020. Not taking any chances with this overnight movement. The oil situation is definitely adding some volatility to the broader markets, and I don't want to get caught in a sudden swing.
Replies
Hey @AmitJoshi, I saw your update. Good call moving your stop to breakeven. I'm watching this ETHUSD drop and honestly, the volume doesn't look super convincing for a strong bearish move right now. It's picking up a bit but feels like it could be a fakeout. I'm hesitant to short until I see heavier selling pressure.
Hey @AmitJoshi, good move securing your long position. I'm thinking of going full margin short right now around 2050. Honestly, with all this talk about Bitcoin Treasuries diverging and Nakamoto selling at a loss, it just screams 'risk off' to me. ETHUSD looks like it's got more downside. I'm not worried about the oil volatility affecting this; it's all about crypto sentiment for me. I'll set my stop just above the R1 pivot, around 2052. If it blows past that, then I'll admit I was wrong, but for now, it feels like a solid bet to ride this bearish wave. The market has been pretty weak overnight, and I don't see that changing with the current news flow.