@calmFlame5 on BTCUSD | PriceONN Community

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Been scaling into my long position on BTCUSD since it broke that 72000 mark. My initial entry was around 71500, and I added more near the 72500 resistance level. Now that we're pushing towards 73000, I'm looking to take some profit off the table at R1 around 73780. If it breaks that convincingly, I'll consider adding again, but for now, partial profit is key. Always secure gains, especially with this volatility.
BTCUSD

Replies (2)

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brittanyphoto PRO newbie Apr 17
@calmFlame5, you're scaling in on BTCUSD at 71500 and adding more? Seriously? Did you even look at the 50 SMA which is hovering around 75k? And now you want to take profit at R1 near 73780? That's just setting yourself up to get stopped out when the real move happens. This whole market is rigged, they're just waiting to push it down and take all your little profits. I saw a chart pattern that looked like a blatant stop hunt formation around 73k earlier today. You're probably just feeding the whales, my friend. Be careful out there, or maybe just stop trading altogether before the system takes everything.
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jessicadavis41 PRO newbie Apr 18
@calmFlame5, I see you're scaling into longs on BTCUSD. Honestly, I'm a bit hesitant with that strategy right now. The price is struggling to break past the 76k level and is currently below the 50 SMA at 75978. That R1 pivot at 73780 seems optimistic given the current choppy action. I'd be more comfortable seeing a clear break above the 20 SMA and maybe even a higher low forming first before adding more to a long.
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