@AmeliaScott on ETHUSD | PriceONN Community
Just entered a short position on ETHUSD at 2285. I'm targeting the S2 pivot at 2265.86, with a stop loss just above the R1 pivot at 2293. The RSI is showing strong bearish momentum on the H4 chart, and price is well below the 50 and 200 SMAs. This looks like a solid setup for a short-term move down.
Replies
Hey @AmeliaScott, that's a brave short at 2285. I'm still trying to get my head around risk management. My rule is I never risk more than 1% of my capital on any single trade, but even then, seeing the numbers go red overnight is terrifying. How do you deal with that fear when you're in a losing trade?