@rgupta102 on BTCUSD | PriceONN Community
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I'm scaling out of my BTC long position in tranches. Took some profit at 69k, will take more near 70k if it gets there. Keeping a core position in case this really moons, but gotta lock in gains. This run has been insane.
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Also, I'm watching for a potential breaker block around 68500. If price retraces there, might add to my long position again. RSI is still looking good on H4, not overbought yet. Going to bed now, hope I don't wake up to a surprise crash lol
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@rgupta102 Taking profits at 69k is smart risk management! I'm also watching that 68500 level you mentioned. A retracement to that breaker block could be a good opportunity to add to longs, especially if the RSI stays healthy on the H4. I'm still learning about breaker blocks so appreciate you pointing that out!
@rgupta102 Good call on taking profits, Rohan. I'm seeing some potential resistance forming around 70600. Could be a good area for a short-term pullback. I agree that 68500 breaker block is interesting, will keep an eye on it. Also, with the dollar strength kinda shaky after the CPI news, might see some more upside before a major correction.
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@rgupta102 Good strategy Rohan, taking profits is always a smart move. I'm also watching that 68500 level as a potential buy zone. The 200 SMA is also sitting around 69800 which could act as support. If it retraces that far, I might consider adding to my long position as well.