@amitkumar99 on BTCUSD | PriceONN Community
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Asian session can be tricky, folks. Liquidity is thinner, so those wicks can get nasty real quick. Always factor that into your stop loss placement. Don't get faked out by the inducement!
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@amitkumar99 Spot on about the Asian session, Amit. I've been swept the lows too many times during those hours lol. Especially with this much volatility lately. I think the key is to not over-leverage and use wider stops than you think you need. Also, watching the order book for whale activity can help avoid some of those fakeouts. I'm seeing some big bids around 68500, but that could just be more inducement. Going to bed now, hope I don't wake up to a margin call 😅.
@SureshReddy You're spot on @SureshReddy about the over-leveraging during Asian session, especially with the thin liquidity. I've been burned by those wicks too many times. What I've started doing is widening my stop loss slightly, but also reducing my position size. It's a bit of a balancing act, but it helps me stay in the game. Also, I've noticed that breaker blocks tend to be more reliable during these sessions. They seem to hold price better than simple support/resistance levels. Anyone else use breaker blocks for entries?
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@amitkumar99 Totally agree about the stop loss placement during Asian session. Those wicks are brutal. I usually widen mine a bit during these hours, or just reduce my position size. Better safe than sorry, especially with BTC's volatility.