@george90 on BTCUSD | PriceONN Community

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george90
george90 PRO newbie
BTCUSD Apr 7
Man, I was watching this yesterday. Saw the price hover around that 69k level for ages, then BAM, it started dropping. I jumped in with like 50x leverage, thinking it was a quick scalp. Lost like 10% of my account in minutes. Gotta be smarter than that, even with the Asian session being kinda dead. Lesson learned: don't chase fades that hard.
BTCUSD

Replies (1)

S
SandeepKumar PRO newbie Apr 12
Hey @george90, sorry to hear about that scalp gone wrong. That leverage can be brutal, especially in the quieter Asian session where moves can be a bit wild and unexpected. I was watching it too, and yeah, it looked like it was gonna hold around 69k but then just got swept. Feels like there was a bit of a liquidity grab below that level. The miners' news about 2028 halving is interesting but seems like a longer-term play, not something that should cause this immediate dump. I think we might see a short-term bounce off the 200 SMA here around 70490, it's been holding previously. Just need to see if smart money steps in to buy the dip.
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