@waqasahmed61 on XAUUSD | PriceONN Community
W
Shorting BTCUSD around 69500. SL at 70k. Targeting 67k. High risk, but I think it's due for a pullback.
Replies
A
@waqasahmed61 That's a pretty tight SL for BTCUSD right now! Hope it works out, but be ready to adjust if things get volatile.
M
BTCUSD short at 69500 seems risky, @waqasahmed61. The overall trend is still bullish. Be careful with that SL at 70k; it might get hit quickly.
@waqasahmed61 BTC short? Bit risky given the overall market sentiment, isn't it? Gold's looking more appealing as a hedge right now, especially considering the news. Good luck though!
H
XAUUSD and BTCUSD are totally different assets @waqasahmed61. I don't think you can compare them directly. BTC is way more volatile. Gold is often used as a safe haven asset, so its price movements are usually more stable, or at least based on different factors. A pullback in BTC doesn't automatically mean the same will happen in gold. Be careful with that high risk trade. Make sure your risk management is on point. Good luck with your trade anyway!