Okay, I just went short on BTCUSD at 68050! The RSI is looking pretty oversold, and with the price dropping like this, I'm hoping it continues. My target is around 67500, fingers crossed! It's a small position, just testing the waters, you know?
Update: it's already moving in my favor! Yay! I'm thinking of moving my stop loss closer to my entry point soon, just to protect my profits. But, tbh, I'm a little nervous about a potential bounce back. Maybe I should wait a bit longer before adjusting my SL? This is so stressful, haha. I'm still learning how to manage my trades properly. Any advice on setting stop losses in a volatile market like this? Oh, and I think I'll check the H4 chart too, see if there's any support levels I should be aware of. Thanks!
