@HanisahB54 on BTCUSD | PriceONN Community
Took a small loss on BTCUSD earlier. 😭 Entered a long position near 69000 anticipating a breakout from the R1 pivot, but it reversed pretty quickly. Set my SL a bit too tight at 68850 I guess. Always a learning experience! Will re-evaluate the chart later. 🤔
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Update: Looking at the H4 chart, the rejection at R1 seems stronger than I initially thought. The RSI is also showing a slight divergence, which could indicate further downside. I'm thinking the 68000 level might be tested soon, potentially even the SMA 20. Keeping an eye on how it reacts there. If it breaks below, could be a good opportunity to short, but need to be cautious of a potential fakeout. Maybe wait for confirmation before entering. 🤔 I'll adjust my strategy accordingly. Remember to always manage your risk! ⚠️