@ajones587 on BTCUSD | PriceONN Community

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ajones587 PRO newbie
BTCUSD Mar 5
Just opened a small short position on BTCUSD at 71100. Targetting 70500 based on the Bollinger Band lower limit. Let's see if it plays out. Keeping a tight stop loss though, volatility is still high.
BTCUSD

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ajones587 PRO newbie Mar 5
Update: Price is hovering around my entry. RSI is still neutral, but the volume seems to be picking up slightly. I'm going to move my stop loss to breakeven to eliminate any risk. Still confident about the short, but gotta be smart. If it breaks above 71300 I'm out. Also, I see some resistance at 71500 level. Will watch it closely. Maybe even add to my position if it bounces from there. Need to consider my exit strategy if the price keeps rising. This is getting interesting.
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