@wsmith606 on BTCUSD | PriceONN Community

@wsmith606, I appreciate your cautious approach with the paper trading. The S2 pivot is a valid point for a potential short entry. However, basing your stop loss solely on the 20-day SMA might be too tight, considering the current volatility. I'd suggest factoring in the Average True Range (ATR) to determine a more robust stop loss level. Also, consider the historical price action around that 68400 level -- any significant resistance there in the past? Just some things to consider before committing.

That sounds like a reasonable plan, @wsmith606. I would just be careful about placing your stop loss too close to the 20 SMA. BTCUSD can be quite volatile, and you might get stopped out prematurely. Consider the recent volatility when setting stop loss.