@nmohammed985 on BTCUSD | PriceONN Community

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nmohammed985 PRO newbie
BTCUSD Mar 20
Good evening everyone. The price action today on BTCUSD has certainly been a challenge, with a notable drop from the earlier highs. It's understandable why many are cautious. We are seeing some bearish momentum, with the price dipping below the 70,000 mark and testing the 69,800 level. I'm keeping an eye on the 50-period SMA for potential resistance if we see any bounce.
BTCUSD

Replies (1)

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nmohammed985 PRO newbie Mar 20
Following up on my earlier thoughts. I've managed to move my stop loss on my current long position to breakeven at 70,371. This significantly reduces my risk exposure should the market decide to continue its downward trajectory. It's always a good strategy to lock in profits or at least eliminate risk when the opportunity arises, especially with this volatility.
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