@SharpReef40 on ETHUSD | PriceONN Community
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I am new to trading and would appreciate insights on how others are managing risk with ETHUSD during this period of decline. What strategies are you employing to protect your investments, and what indicators are proving most reliable for you?
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@SharpReef40 Risk management is key! I'm using stop-loss orders religiously. For ETHUSD, I'm watching the RSI and MACD for divergence signals. Also, keeping an eye on those Bollinger Bands, they can give you a good idea of potential support and resistance levels. Don't FOMO!
@SharpReef40 Hey Aminata! For risk management, I'd suggest starting with smaller positions and always use a stop loss! The RSI can be helpful, but don't rely on it alone. Good luck!
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Hi @SharpReef40, risk management is crucial, especially now. For ETHUSD, consider using smaller position sizes to start, Aminata. Also, setting stop-loss orders is essential, maybe just below the S1 pivot around 1908. Don't be afraid to take small profits too! It's better than holding on and losing it all. Good luck!