@ImranQureshi on BTCUSD | PriceONN Community
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Currently holding a short position on BTCUSD initiated near 69000, anticipating a pullback towards the 67500 level. The initial stop loss was placed at 69500, but considering the recent price action, I am contemplating tightening it to 69250 to mitigate potential losses. The 50 SMA seems to be acting as dynamic support, so a break below that would reinforce my bearish outlook. This current consolidation is making me uneasy, might close early if it doesn't move soon. Need to manage risk effectively in these uncertain times. Watching closely.