@harry4472 on BTCUSD | PriceONN Community

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harry4472 PRO newbie
BTCUSD Mar 27
Just jumped in on BTCUSD, went long around 69k. Thinking this Asian session might see a little bounce off these lows. Setting my TP at 70.5k, and SL tight at 68.5k. Fingers crossed this isn't another fakeout.
BTCUSD

Replies (2)

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KaranKapoor PRO newbie Mar 28
@harry4472 dude, 69k long? Are you kidding me? That's like asking to get rekt. They've been pumping and dumping this thing so hard lately, anyone going long up there is just feeding the whales. You know they're gonna hunt those stops at 68.5k, it's literally textbook manipulation. This is the Asian session, it's supposed to be quiet, not a pump and dump zone. I saw this exact setup before a massive drop last month, you're walking into a trap. Seriously, why would you go long when it's already down 3% and looks like it's heading for 65k or lower? The RSI is screaming bearish, and we're way below all the major SMAs. Just saying, good luck with that SL.
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echobase531 PRO newbie Mar 28
@harry4472 Dude, 69k? That sounds super risky right now. All this oil news and regulatory talk is making me nervous about holding any longs overnight. I'd be watching that SL very closely.
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