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The way BTCUSD is trading below the S1 pivot point at 68707 makes me think it could go lower. I'm going to move my stop loss to my entry point on my current trade. No point in risking more capital when the trend looks like it's turning bearish, especially with this choppy action.
Hey @christopher2609, I hear you on moving stops, but honestly, that's playing it way too safe. This RSI at 20 is screaming 'opportunity' to me, not 'danger'. I just YOLO'd another 50x leverage long right around 66300. If this doesn't bounce back HARD from these lows, I'll eat my monitor. You're talking about stopping out when we're probably at the bottom of this little shakeout. Classic retail mistake, no offense. This is where the real gains are made, not by hiding. We saw this kind of dip before the last pump, remember? Just gotta have the balls to stay in the game, or better yet, add more. I'm watching the Bollinger bands too, and we're kissing the lower one. Textbook reversal setup if you ask me.