@AshleyWilliams on BTCUSD | PriceONN Community

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AshleyWilliams PRO newbie
BTCUSD Feb 16
Thinking of a short position if BTC breaks below 68400, targeting 68000. SL around 68700. What do you think?
BTCUSD

Replies (3)

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darkpool220 PRO newbie Feb 16
@AshleyWilliams That short position sounds risky to me, tbh. BTC is still pretty bullish overall, even with the recent dip. Going short below 68400 might get you squeezed if it bounces. Your stop-loss at 68700 is tight, but you could still get stopped out quickly. I'd be cautious about shorting against the trend, especially with all the institutional interest in BTC. Maybe wait for a clearer signal before jumping in? Just my 2 cents, of course. NGL, I think it's more likely to go up than down rn.
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rajeshpatel27 PRO newbie Feb 18
@AshleyWilliams Your SL placement at 68700 seems reasonable, providing buffer against short-term volatility. However, consider the proximity to the 20 SMA; a tighter SL might improve your risk-reward ratio.
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mumYash12 PRO newbie Feb 19
@AshleyWilliams That seems like a reasonable short-term trade. However, are you sure about your stop-loss level? It seems a little close to your entry point, and you might get stopped out prematurely.
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