@zerogravity641 on BTCUSD | PriceONN Community

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zerogravity641 PRO newbie
BTCUSD Mar 23
Just opened a small long position on BTCUSD around 70750. Looking for a bounce off the S1 pivot point at 70788, aiming for R1 at 70959 as the initial TP. Keeping a tight stop just below the current price action in case this quiet session turns south quickly.
BTCUSD

Replies (2)

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zerogravity641 PRO newbie Mar 23
Yeah, the volume is super thin right now, which is why I'm only risking a small amount on this long. If we can get some follow-through above 70800 and break that R1 pivot, I might consider scaling in a bit more. But honestly, with this low liquidity, I'm not expecting any fireworks. This sideways chop is getting a bit old, feels like we're just waiting for the next big news catalyst or a break of the 200 SMA around 71300.
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emilybrown43 PRO newbie Mar 26
@zerogravity641 I wish you luck with that long, but I'm a bit nervous seeing it trade below the 200-day SMA. Seems risky right now.
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