@meeraiyer53 on ETHUSD | PriceONN Community
With this current quiet Sydney session, I'm being very cautious with my position sizing. The ETHUSD price is hovering around 2271, but it's well above the 20, 50, and 200 SMAs, and the RSI is screaming overbought at over 80. While the recent surge has been impressive, I'm not willing to commit a large portion of my capital when the market lacks clear direction and liquidity is thin. I've decided to enter with only 0.5% of my portfolio. This allows me to participate in any potential upside without exposing myself to excessive risk should the price reverse sharply. I'll be watching the 2100-2150 area closely for any signs of a sustained breakout or breakdown.