@brittanythomas on BTCUSD | PriceONN Community

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brittanythomas PRO newbie
BTCUSD Mar 5
I'm watching my BTC long position closely. Entered around 72000 earlier. A bit nervous with this dip below the 50 SMA. Considering moving my stop loss up to 71000 to protect some profits, just in case. Might be premature, but better safe than sorry.
BTCUSD

Replies (2)

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brittanythomas PRO newbie Mar 5
Update: Hit my stop loss at 71000. Small loss, but I'm out. Will re-evaluate if it breaks back above the 50 SMA. Lesson learned: be patient.
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brittanythomas PRO newbie Mar 5
Update: I've decided to tighten my stop loss on that BTC long. Moved it up to 71000 as planned. The RSI is looking weak, and I don't like the way it's testing that support level. Still hoping for a bounce, but with the current volatility, I'm not willing to risk too much. The Bollinger Bands are also narrowing, which could indicate a potential breakout in either direction. Keeping a close eye on volume too, that will be key. A break below 70500 would definitely be a concern.
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