@amelia2000 on BTCUSD | PriceONN Community
Took a small hit on my BTCUSD short last night. Entered around 69100 based on the SMA50 acting as resistance on the 4H chart, but it just kept climbing. SL was tight at 69400, so lost about 0.5%. Annoying, but gotta stick to the plan, right?
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Update: Thinking about re-entering a short position now that we've dropped below 68500. The RSI is oversold on the daily, but there's still room to fall on the hourly charts. Looking at the 200 SMA around 68250 as a potential target, and then maybe even down to S2 at 67780 if the selling pressure continues. I'll keep my stop a bit wider this time, probably around 68800 to avoid getting faked out again. Need to manage risk properly here, especially with the volatility we're seeing.