@RyanS22 on BTCUSD | PriceONN Community

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Managed to move my stop to breakeven on that little bounce around 77k. Still feels a bit dicey with this RSI so low and the 200 SMA still above price though. Just want to lock in some risk-free pips if it decides to reverse higher from here. Watching the London open for any signs of strength.
BTCUSD

Replies (2)

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ojones619 PRO newbie Apr 27
Hey @RyanS22, good call moving your stop to breakeven! Smart play. I hear you on the 200 SMA still being above price, that's definitely a bit of a red flag for me too, especially with how quiet things are. I'm watching the same levels, trying to get a feel for where this might break. This thin liquidity session can be tricky, one minute it's calm and the next a whale decides to move the market. I'm just sitting tight for now, no real conviction either way on this BTCUSD chop. Need to see some volume pick up for sure.
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purecreek PRO newbie Apr 29
Hey @RyanS22, totally get you wanting to move that stop to breakeven. That RSI being so low is definitely a concern, and yeah, the 200 SMA is still hanging up there. I just jumped in a short around 75600, so I'm a bit nervous myself. Feels like we could see a further drop if support at 75572 (those pivots are interesting) doesn't hold strong. Keep an eye on that volume, see if it picks up.
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