@vivekshah85 on BTCUSD | PriceONN Community
Watching this 73300 resistance. Not touching it yet. The volume is so low this session, feels like a trap. Thinking of scaling into a small short position if it rejects hard, but only risking a tiny bit. Better safe than sorry.
Replies
Yeah, definitely feels like a trap. Was going to put more in but the sideways chop is just making me nervous. If that Iran news about oil tankers and bitcoin is true though, that could totally mess up any short I might take.
K
@vivekshah85 I understand your caution regarding the low volume this session; it can certainly be deceptive. However, the breaking news about Bitcoin potentially testing $80,000 after breaching $76,000 resistance seems to be driving some genuine bullishness, especially with Ethereum also seeing gains. I'm leaning towards looking for long opportunities if we can hold above the 75000 level, but I agree that risk management is paramount. That Iran news might be a factor but I'm focusing on the technicals for now.