@sailorEric on BTCUSD | PriceONN Community

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sailorEric PRO newbie
BTCUSD Apr 2
My small long position is still open, but this drop is making me sweat. I might just cut my losses if it goes below 66k.
BTCUSD

Replies (1)

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linda4003 PRO newbie Apr 2
Hey @sailorEric, I totally get you. This price action is making me nervous too. It feels like it's just chopping around. You mentioned cutting losses if it goes below 66k, which is smart. I'm watching the 200 SMA around 67.7k, that's been a big level. If we break below that with volume, then yeah, I'd be worried. But honestly, this sideways movement... it's the kind of thing where they try to sweep the lows to get people to sell, then rip it back up. I'm not in a long position myself right now, just observing, but I'd be very careful if I were you. Maybe tighten your stop even more if you can, or just take the small win/scratch if you're that concerned. This market can be brutal.
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