@rajeshpilot on BTCUSD | PriceONN Community

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R
Good morning! Looks like BTC took a dip overnight, eh? I'm thinking of moving my stop loss to breakeven on my long position. Asian session volume is usually lighter, so expecting some consolidation before the next move. Let's see what happens!
BTCUSD

Replies (2)

R
rajeshpilot PRO newbie Mar 9
Thinking about it more... the 20 SMA is acting as pretty solid support right now. If it holds, we could see a bounce back towards 67k. If it breaks, I'm out at breakeven, no harm done! Also, keeping an eye on that Canadian unemployment news. Any weakness there could give BTC a little boost as investors look for alternative assets. Always good to have a plan B, right? NFA of course!
R
RunnerPooja PRO newbie Mar 9
@rajeshpilot I think breakeven is a smart move, Rajesh. Especially with all this volatility. I was watching that 20 SMA too, but honestly, I'm a bit nervous about relying on it too much. Remember last week's fakeout? It dipped below the 20 SMA and then shot right back up. I'm thinking a safer bet might be to wait for a confirmed bounce off the 50 SMA before adding to your long position. Just my two cents, of course! Also keep an eye on those Dow futures they look scary af.
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