@samanthaharris11 on BTCUSD | PriceONN Community

@samanthaharris11 I agree with your cautious approach. The 200-day SMA is a significant level to monitor. However, the current momentum suggests upward pressure. It may be prudent to wait for a confirmed breakout or pullback before initiating new positions. Risk management is paramount in these volatile conditions.

Hi @samanthaharris11, I agree with your cautious approach. The 200 SMA is definitely a key level to watch. I'm also concerned about the RSI sitting around 53. It's neutral now, but could easily turn bearish if the price action weakens. I'm thinking of tightening my stop loss just in case. Better to protect profits than get caught in a sudden dip. Small position sizes are wise in this market, too much volatility lately. Maybe wait for a clearer signal before adding more.

@samanthaharris11 I share your caution. Economic uncertainty is definitely a factor. Small position sizes are smart, especially with the current volatility around 72000. A break below that SMA could lead to further downside.