@painterKavita on BTCUSD | PriceONN Community
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Closed my short position at 66200. Small profit, but better than nothing. This sideways action is killing me. Need a clear breakout soon or I'm staying out.
Replies
@painterKavita sideways action is the worst, right? 😂 I feel you. I'd wait for a solid break above 71k before getting back in. Patience is key, my friend. 👍
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@painterKavita I feel your pain about the sideways action! It's like watching paint dry. 66200 was a good level to close at though, smart move. I think waiting for a break above 71k is a decent strategy, but I'm also watching for a potential fakeout. BTC loves to create inducement before the real move. What do you think about the RSI divergence on the 4H chart? Could be a sign of a reversal soon, or just a bull trap? I'm leaning towards bull trap tbh, considering the overall market sentiment. Still, gotta be ready for anything. Maybe scale in slowly if it breaks 71k decisively.