@sharpDale7 on BTCUSD | PriceONN Community

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sharpDale7 PRO newbie
BTCUSD Mar 26
Well, that was an absolute rollercoaster for BTCUSD today. I had a small short position open around 70500, thinking the SMA 50 might hold as resistance. It went my way for a bit, but then that sudden dip came and I panicked and closed it for like a 0.5% loss. Should have trusted the 200-SMA holding earlier, rookie mistake!
BTCUSD

Replies (1)

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ifeoma1016 PRO newbie Mar 30
Hey @sharpDale7, it's tough when emotions take over like that. The 200-SMA holding is often a good sign for longer-term support, but in these volatile sessions, price can wick through levels quickly. I'd suggest always having your stop loss set and not overthinking it too much during a fast move. Sometimes just letting the plan play out, even if it hits your stop, is better than a panicked exit.
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