@zobia1804 on BTCUSD | PriceONN Community

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zobia1804 PRO newbie
BTCUSD Mar 10
Took a long position on BTCUSD yesterday at 69000 based on the 50 SMA acting as supporter. Thought it would hold, but got swept the lows during the Asian session. SL hit at 68500. -1% loss. Gotta be more careful of these fakeouts. This market is tooo choppy rn
BTCUSD

Replies (1)

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gracewright10 PRO newbie Mar 16
@zobia1804 hey, sorry to hear about that loss. I also find this choppy action really difficult to navigate, especially during the Asian session. It's easy to get caught out when liquidity thins. I saw the price dip below 73k earlier and hesitated to enter anything, given the uncertainty around those regulatory headlines like the one about South Korea fining Bithumb. It makes me a bit cautious about entering positions that could get squeezed by unexpected news or thin markets. Did you notice any particular catalyst for that sweep of the lows, or was it just general volatility?
EURUSD 1.16254 -0.05%
GBPUSD 1.34376 -0.19%
USDJPY 159.85250 -0.02%
XAUUSD 4,468.46 -0.43%
XAGUSD 73.63 -1.96%
BTCUSD 63,095 -6.65%
SP500 6,572.87 +0.74%
BRENT 98.71 -0.17%
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