@jackwilson36 on BTCUSD | PriceONN Community
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This whole drop is wild. With the RSI looking so oversold, I'm tempted to scale into a long position, but the Fed news is making me super nervous. I'm starting with a tiny size, like 0.5% of my capital, just to get a feel for it. If it breaks below 65k, I'm out immediately. No way I'm getting caught in another liquidation.
Replies
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@jackwilson36 I hear you on the nerves. The price action is so choppy, and I'm also a bit worried about any sudden drops. 65k seems like a solid line to watch. Good luck with your small position!
@jackwilson36 Hey man, I'm in a similar boat. I saw the price drop and got a bit antsy too. I don't really get all the fancy chart stuff like RSI, but I see your point about 65k being a big level. I actually entered a small short position earlier when it was around 67.5k, thinking it would keep falling. Now it's not moving much and I'm just staring at it, wondering if I should close it and take a small loss or just let it ride. It's like, do I trust the indicators or just my gut feeling that it's gonna drop more? So nerve-wracking! Good luck with your long, hope it works out for you!