@shahbazjatoi66 on BTCUSD | PriceONN Community
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Just opened a long position on BTCUSD at 68700. My analysis indicates a potential for a short-term bounce based on the 4H chart. I've set a tight stop-loss at 68450 to manage risk. The initial target is 69500, aligning with the R1 pivot point. I will monitor the volume closely and adjust the stop-loss accordingly. A break above R1 could signal a move towards R2 at 68890. If it gets there, I'll consider moving my TP higher. This is a relatively small position, about 1% of my portfolio, given the late session volatility.