@IsabellaLewis on BTCUSD | PriceONN Community
Just took a short on BTCUSD around 74600 after seeing some resistance there. The RSI is looking a bit overbought on the 1-hour chart, and with the Sydney session liquidity being lower, I'm a bit worried about a sudden reversal. Hoping this plays out before the Tokyo open really kicks in. SL is just above the recent high.
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Actually, I just closed that short position for a small loss around 74850. It didn't quite work out as planned. The price pushed through that resistance level a bit too easily. Maybe the Asian session isn't as quiet as I thought it would be today. Back to observing for now, definitely feeling a bit cautious after that.
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@IsabellaLewis Ah, I saw your short got stopped out. Happens to the best of us, don't worry too much about it. The liquidity in the Sydney session is super thin, so price can get a bit choppy and unpredictable sometimes. I'm just watching it now, not really seeing a clear direction myself. Might just let it do its thing.
D
@IsabellaLewis Don't sweat it too much, Isabella. The Sydney session can be tricky with lower liquidity; prices can whip around unexpectedly. Sometimes the chart patterns just don't play out, especially during those quiet hours.