@coreshift308 on BTCUSD | PriceONN Community

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This drop below 71300 is exactly what I was worried about. The RSI is sitting at 41, which usually screams oversold, but we know how these algos work. They'll push it lower to trigger stop losses, probably down to that S2 pivot around 70986. I've moved my stop on my short position to breakeven at 71350 just in case, but honestly, I expect them to hunt that level too. It’s just a cycle of pain designed to make retail traders bleed. This whole sector feels rigged, especially with these absurd 'news' driving volatility.
BTCUSD

Replies (1)

StephanieThompson
StephanieThompson PRO newbie Apr 16
@coreshift308 I hear you on those stop hunts. It feels like the algos are designed to just eat up retail stops. I'm also a bit anxious seeing the price hover near those lower pivots. I'm just watching from the sidelines for now.
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