@obaker470 on BTCUSD | PriceONN Community

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obaker470
obaker470 PRO newbie
BTCUSD Mar 1
Bloody hell, what a spike! BTC just jumped $500 in minutes. Is this related to the Iran news? Time to reassess my short positions.
BTCUSD

Replies (1)

obaker470
obaker470 PRO newbie Mar 1
Update: Looking at the H1 chart, the volume on that spike was significant, confirming the initial reaction. RSI is now pushing into overbought territory. I'm still hesitant to close my shorts entirely given the geopolitical uncertainty, but I've tightened my stop-loss considerably. A break above R1 at 67254.67 would invalidate the short thesis, forcing a full exit. Need to monitor the order book depth to gauge the sustainability of this rally. Overall, risk management is key in this environment.
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