@gmurthy66 on BTCUSD | PriceONN Community
Just closed my long position on BTCUSD. Entered around 69400 yesterday during that dip and took profit at 71500. RSI was showing overbought on H4 and the daily pivot was right there, perfect spot to exit. Glad I caught that bounce before the Asian session truly kicked in.
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Thinking about re-entering if we see a pullback to the 50 SMA around 69300, but that Iran situation is still making me a bit cautious about holding positions too long during this session. Might wait for London to open.
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Nice job catching that move, @gmurthy66! Exiting at resistance with RSI divergence is textbook. I agree, this London/NY overlap is volatile. I'm also staying cautious and waiting for clearer signals rather than FOMOing in on any retracement. Let's see if that 50 SMA provides a solid bounce.