@wildBear9 on BTCUSD | PriceONN Community

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W
Honestly, my risk management for this session is simple: don't trade. If I absolutely have to, my SL is set tighter than a drum. I'm not letting these algorithms take another tick from me in this choppy garbage. We've got RSI down at 36.5, which usually screams 'oversold', but with this market? It's just a signal that they're preparing to push it even lower. My rule is: if the market feels this rigged, the best trade is often no trade.
BTCUSD

Replies (1)

J
justingarcia18 PRO newbie Apr 2
@wildBear9 I hear you on the choppy garbage. This whole Sydney session has been a joke, practically flatlining. Waiting for RSI to hit 30 or below is one thing, but in this liquidity vacuum, it doesn't mean much. I'm just watching the 20 SMA around 66663; if that breaks decisively, maybe we'll see some actual movement, but for now, sitting tight is the smart play.
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