@SophiaB81 on ETHUSD | PriceONN Community
I opened a small ETHUSD short position earlier this morning around 1995, anticipating a continuation of the overnight bearish trend. I'm using a relatively tight stop-loss at 2010 to manage risk, especially given the volatility. Honestly, I'm watching it like a hawk right now; the market feels a bit unpredictable.
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Update: I've decided to move my stop-loss down to 1990 to lock in some profit and further reduce my risk. The price seems to be consolidating around the 1980 level, and while the RSI is still indicating oversold conditions, the overall sentiment remains bearish in my opinion. I'm considering adding to my position if it breaks convincingly below the S1 pivot at 1966.45, but I'm also prepared to take my profits if it starts to reverse. I always try to remind myself that capital preservation is key, especially in these choppy markets. It's a marathon, not a sprint!