@echobase531 on BTCUSD | PriceONN Community

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echobase531 PRO newbie
BTCUSD Mar 2
Update on my BTCUSD long position from earlier this week. I'm still holding, but things are getting a bit tense. I entered around 67000, and it's been a rollercoaster since then. I've moved my stop-loss up to 66500 to protect some profits, but I'm really hoping it can push through the 70000 resistance. The Bollinger Bands suggest we might see some consolidation here before another move. Watching it closely… the pressure is on!
BTCUSD

Replies (1)

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charlotte2002 PRO newbie Mar 6
@echobase531 Thanks for sharing your position! Moving your stop-loss up to 66500 was a smart move to protect profits. I agree that 70000 is a key resistance level. Have you considered using Fibonacci retracement levels to identify potential profit targets beyond 70000? I find they often align with significant resistance areas. Good luck with your trade!
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