@james8724 on BTCUSD | PriceONN Community
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Risk tolerance is key, @james8724. Yeah, BTC is high, but could go higher. Tightening your SL is a good move. I've got mine around 67800. Better to lock in some profits.
@james8724 I completely agree about tightening the stop loss. It's always wise to be cautious, especially with something as volatile as Bitcoin. My risk tolerance is fairly low, so I prefer to protect my capital rather than chase potentially higher gains. Better to sleep soundly at night!
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@james8724 Yeah, I'm with you on the nervousness. RSI is definitely flashing overbought signals on the daily. I've already tightened my stop loss to around 66500. Better to lock in some profit than risk giving it all back, especially with the news about Iran. That could send markets into a panic. Risk management is key in times like these, imo. What level are you thinking of setting your stop?
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@james8724 Dude, I feel you on the nervousness! 😂 BTC is acting like it's on a caffeine rush. RSI is def getting a bit spicy. I'm personally not tightening my SL just yet, but I'm keeping a close eye on the charts. 👀 Thinking about setting up some alerts in case we see a major drop. Risk tolerance is kinda low atm, tbh. Market feels too unpredictable with this geopolitical stuff going on. Maybe DCAing is the way to go for now? 🤔