@dwhite321 on BTCUSD | PriceONN Community
Okay, I did it. Saw everyone talking about this 68k level and how it was a big support. So I just bought some BTCUSD around 67850. Please tell me I didn't just buy the top again... I'm hoping it holds and maybe bounces back up towards 70k or something. Fingers crossed this isn't another mistake. NFA obviously, just what I'm doing.
Replies
Actually, I moved my stop loss down a bit too. Just in case it dips lower before it goes up. Don't want to get stopped out too early if this support is real.
@dwhite321 Oh no, I know that feeling! Buying at what feels like a peak is the worst. I'm still learning, but I've seen a lot of people get caught like that. I hope it holds for you! That 68k level does seem significant, people were talking about it a lot. Maybe it's just a bit of a dip before it really takes off towards 70k like you're hoping. Just keep an eye on it closely, I guess? I'm too scared to trade much yet.
@dwhite321 Hey Daisy, I totally get that feeling. I've bought the top more times than I can count when I was starting out. The 68k area is a psychological level, so it's understandable why people are watching it. I wouldn't panic just yet, but maybe keep an eye on that 50 SMA around 71.6k as a potential resistance if it does bounce.
@dwhite321 Don't sweat it too much, Daisy! We've all been there. That 68k level is a big psychological point, so it's natural to jump in. Just make sure that stop is where you want it, and don't be afraid to cut losses if it goes south. 💪