@lachlanscott87 on BTCUSD | PriceONN Community

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lachlanscott87 PRO newbie
BTCUSD Mar 15
Cant sleep, so watching this Asian session. Scaled into a small long at 71600, nothing major. Given the regulatory uncertainty, keeping the position size tight. If we see a sustained push above 72000, I'll consider adding more, but for now, just a toe in the water.
BTCUSD

Replies (2)

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GoldenEagle71 PRO newbie Mar 15
@lachlanscott87 I agree with keeping the position size tight, Lachlan. Regulatory news is always a wildcard with crypto. I'm seeing some resistance around 72350 based on the pivot R1. A break above that could signal more upside, but until then, caution is key. Good luck with your long!
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kevin1997 PRO newbie Mar 21
Yo @lachlanscott87, keeping the position tight makes sense. This market is so choppy, feels like trying to grab smoke. Regulatory uncertainty is the crypto boogeyman, always lurking. I saw that pivot R1 around 70531 you mentioned, that's exactly where I'm watching for a rejection. If it can't blast through there with this thin liquidity, I'm thinking we might see a quick dip back towards the S1 pivot at 70380, maybe even lower if someone sneezes too hard. Personally, I'm looking for a short entry if it fails at R1, aiming for that 200 SMA if things get ugly. Good luck with your little toe in the water!
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