Quick Look: Risk-Reward for $ETHUSD

Hey everyone, diving into something fundamental but crucial for new traders: risk-reward ratios. Basically, it's about evaluating how much you stand to lose versus how much you stand to gain on a trade. For instance, if you're looking at $ETHUSD around its current 1855 level, and you set your stop loss at 1800 (risking 55 points) but your target is 2000 (gaining 145 points), that's a risk-reward of roughly 1:2.6. Meaning for every dollar you risk, you stand to make $2.60. Getting comfortable with these numbers before entering a trade, especially with the volatility in crypto, is a game-changer.