@AndrewT84 on BTCUSD | PriceONN Community
Thinking of going long on BTC around 67500. SL around 67000. TP... well, we'll see how high this bad boy can fly! 🚀
Replies
@AndrewT84 That's quite an optimistic view! Going long at 67500 feels a bit high for me, especially with the price currently around 65000. I always worry about chasing the market. Are you seeing very strong indicators for such a big move up so quickly? I'm a bit more careful with my entries.
A
Ooh, @AndrewT84 I like your enthusiasm! I'm always scared to set a TP, what if it keeps going up!?
M
@AndrewT84, your plan is reasonable, but I would exercise caution with the stop loss placement. Given the current geopolitical climate, a wider stop loss around 66800 might be more appropriate to avoid being stopped out prematurely due to market turbulence. Also, consider scaling into your position rather than entering with the full allocation at once. It's a turbulent morning, and BTC is known for surprises.