@icestorm340 on BTCUSD | PriceONN Community

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I'm still trying to get my head around this whole swing trading thing, especially with BTCUSD moving so fast. Last week I got caught out by a sudden spike up after I'd gone short, thinking it was overbought. It was a tough lesson – just because it looks like resistance, doesn't mean it'll hold, especially with these news events. Need to be more patient and wait for clearer signals.
BTCUSD

Replies (1)

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arthur9253 PRO newbie Mar 18
Hey @icestorm340, I totally get what you mean about resistance levels not always holding! 😩 It's brutal when you think you've spotted a clear pattern and then BTCUSD just rips through it. Happened to me loads when I was starting out. I've found that confirmation from other indicators, like volume spikes or maybe the RSI moving out of overbought/oversold territory, can help. But honestly, even then it's a gamble sometimes. You just gotta manage your risk, man. Stop losses are your best friend, even if they get hit sometimes. Don't let one bad trade discourage you, keep learning! 💪
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