@dev8720 on BTCUSD | PriceONN Community
Initiated a short position on BTCUSD at 68200, targeting 67800. Stop loss placed at 68400 to limit potential losses. The rationale behind this trade is the observed resistance around the 68200 level, coupled with the relatively neutral RSI. I'm anticipating a retest of the recent lows, although this is a high-risk trade given the prevailing bullish trend. Risk management is paramount, and I'll be monitoring the position closely for any signs of reversal. A tight SL is crucial in this scenario.