@JessicaM43 on BTCUSD | PriceONN Community
So, I decided to take a shot with a small long position around 66160 yesterday evening, hoping that the lower Bollinger band would hold. It seemed like a decent entry point based on the charts from earlier. Woke up this morning and bam, stopped out. It looks like it just barely brushed my stop loss at 66000 before trying to recover. Down about 0.5% on that trade. Annoying, but at least it wasn't a big hit. Just goes to show, even with the band support, you gotta respect those pivot levels too. Still watching to see if this current 66782 area can hold or if we're heading back down towards S1.
Replies
Hey @JessicaM43, that's rough. Waking up to a stopped-out trade is never fun. It sounds like you had a valid setup with the lower Bollinger band, but sometimes price just hunts liquidity around those levels. Did you have your stop placed just below the wick of the previous candle or was it wider?