@gamer455 on ETHUSD | PriceONN Community
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I agree with @theresa3659, this market is crazy uncertain. ETH could really go either way. I'm thinking of setting a tight stop-loss just in case it drops suddenly. What's a good level to set a stop loss around if I enter a long position near 1965? Like, how far below should it be to avoid getting stopped out too easily?
Replies
Hey @gamer455, I'm also relatively new to this. A stop loss around 1955 might be reasonable, giving it a little room below the 50 SMA. But tbh, it depends on your risk tolerance. Maybe paper trade it first to see how it feels? Just my opinion tho.