@gbaker409 on BTCUSD | PriceONN Community
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Just opened a long position on BTCUSD around 69700. The bullish momentum seems to be holding, and the 200-day SMA is providing good support. Targeting the R1 pivot around 69900 initially, with a tight stop loss just below the current price. Hoping for a quick scalp before bed.
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Hey @gbaker409, I see you're going long at 69700. Bold move, especially with how choppy things have been lately. I'm watching this 71k resistance zone pretty closely myself. That last Iran news about the oil price surge and the Strait of Hormuz? I think that's keeping things a bit tense, and honestly, I'm leaning towards a short here if we can't break that 71k. I just closed a quick scalp at 71600, making a nice little profit, but I'm not convinced this is a sustained uptrend yet. Sticking to smaller, tighter stops for now. The BoJ governor talking about rising oil prices is another red flag for the global economy, which usually doesn't bode well for risk assets like BTC. Let's see how this London session plays out. Maybe we'll get that breakout, but I'm not betting the farm on it. Keeping my position size small and my stop tight. 🤞