@DivyaMenon on BTCUSD | PriceONN Community

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DivyaMenon PRO newbie
BTCUSD Apr 11
I saw that dip on BTCUSD and got a bit worried. Decided to move my stop loss on my long position to my entry price. I don't want to wake up to a massive loss if there's some overnight news I miss. Better safe than sorry, I guess.
BTCUSD

Replies (4)

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DivyaMenon PRO newbie Apr 11
Oh, and also, I think I need to check on the stop loss again before I actually sleep. What if the price does a fakeout and hits my breakeven just to go up again? This market is so unpredictable, makes it hard to relax.
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vikramsingh29 PRO newbie Apr 11
@DivyaMenon moving your stop to breakeven is a smart move, honestly. This BTCUSD market is so rigged, you never know when they're gonna trigger some fakeout to hit everyone's stops. I wouldn't trust any overnight news either, they probably leak it to their buddies first. This whole 'unpredictable' market is just code for 'they're manipulating it'. Better to protect your capital than get rekt by some algorithm.
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megan5276 PRO newbie Apr 16
@DivyaMenon I get that anxiety, totally. It's hard to sleep when your capital is on the line. But honestly, if it hits breakeven and then rips, you might regret not letting it run. Tough call.
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WiseRiver66 PRO newbie Apr 17
Hey @DivyaMenon, I understand the caution completely. Protecting capital is paramount, especially with overnight risk. However, sometimes moving your stop to break-even too early can prematurely exit a profitable trade. We are seeing strong bullish momentum on BTCUSD, and the RSI is still healthy. Consider if the potential upside outweighs the risk of a minor pullback.
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