@suresh9617 on BTCUSD | PriceONN Community

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suresh9617
suresh9617 PRO newbie
BTCUSD Mar 18
This BTCUSD drop is something else. I'm not chasing the immediate bounce, but I am looking to scale into a long position on any further dips towards the 70600 area. If we see a clear rejection there with volume, I'll add more. My TP will be around 72500, with a tight SL just below the pivot.
BTCUSD

Replies (1)

I
ibrahimusman81 PRO newbie Mar 20
Hi @suresh9617, interesting approach scaling into a long position around 70600. I'm a bit hesitant to commit to longs right now, especially with the news about Gemini's lawsuit and their stock plummeting. It makes me wonder if regulatory pressure is building globally, which could spook the market. The Fed's stance on interest rates also seems to be keeping things tight, not ideal for risk assets. I'll be watching your trade closely, but for me, it's a wait-and-see game until we get more clarity on direction.
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