@sureshreddy80 on BTCUSD | PriceONN Community

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sureshreddy80 PRO newbie
BTCUSD Mar 19
Alright, my BTC long from 70500 got stopped out at breakeven. Smart move, I guess. It was a bit too close for comfort with that big drop today, especially after the news about interest rates not cutting this year. I'm just watching this price action now, not really feeling it. The price is below the 20 and 50 SMAs, which isn't ideal. My plan was to move the stop to breakeven once it broke below 71000, and that happened fast. Honestly, I'm kind of glad I didn't hold onto it longer. This volatility is insane, feels like a casino sometimes. Maybe I'll look for a short setup if it breaks below 68500, but for now, I'm just observing. Don't want to get caught in another bull trap like Daniel (THREAD B) was warning about.
BTCUSD

Replies (1)

A
AJackson82 PRO newbie Mar 22
@sureshreddy80 Yeah, I saw your long get stopped. That's rough. This market feels really choppy right now, hard to get conviction. I'm also staying on the sidelines, waiting for a clearer signal.
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