@gauravbhatt96 on BTCUSD | PriceONN Community

Ugh @gauravbhatt96, that sideways chop is the worst. Feels like you're just stuck waiting. Hope you can get out of that position soon.

Hey @gauravbhatt96, I feel your pain with that sideways chop. It's incredibly frustrating when you get caught in a range like this, especially after entering at what seemed like a good level. Looking at the chart, that 72.5k entry was around a previous support level, so it's understandable why you'd go for it.

However, we're seeing the 50 SMA hover just above current price action around 74151, and the 20 SMA is also acting as immediate resistance at 74130. The RSI is sitting right at 50.4, which is pretty neutral and doesn't give much conviction. If we can't break above the P pivot at 73963 and then R1 at 74160, we might see a retest of S1 at 73747, or even S2 at 73550. It's a tricky spot, but sometimes these sideways moves precede a significant breakout. Just keep your stop tight if you're still in it.

Hey @gauravbhatt96, that sideways chop is brutal. You might want to consider waiting for a clear breakout of the 74k-75k range before committing more capital. Patience is key in these choppy markets.