@banderson156 on BTCUSD | PriceONN Community
Man, this BTCUSD sideway chop is brutal. Had a decent short position open around 71k, thought I was being clever. Then BAM, 70.5k and I was sweating bullets. Ended up closing for a small loss, just to avoid the liquidation fear. Lesson learned: sometimes getting out with less is better than getting wiped out entirely.
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And for @coreshift872, that thin volume is exactly why I got spooked earlier. It's too quiet. You see a little pump and you think 'here we go!', but then you look at the order book and it's like tumbleweeds blowing. Feels like a trap waiting to spring. I’d rather wait for clearer signals and higher volume, even if it means missing a few quick scalp trades. This choppy sideways movement is just not worth the stress right now.
Yeah, @isabellathomas, I totally feel you on the sweat factor. That little bounce off 70.7k just now was so fake. I was watching the 200 SMA on the 15m chart and it barely reacted. It’s like the market is just teasing us, trying to lure people in before another dip. Honestly, feels like we could see a drop back towards the 70k support level if this continues. Not sure if institutions are even waking up yet or just letting retail play patty-cake.
Hey @banderson156, I hear you on the choppy action. It's definitely a tricky market right now. However, looking at the 4h chart, that dip to 69k seems to have found some solid buyers. The RSI is starting to tick up from the oversold territory, and we bounced nicely off the S2 pivot point. I'm still leaning bullish on this setup.