@heatherking60 on BTCUSD | PriceONN Community
I initiated a short position on BTCUSD at 73200 based on a bearish divergence I spotted on the hourly RSI. Currently, I'm watching the price action nervously as it approaches the 72000 level. I've set my initial stop-loss at 73500 to protect against unexpected volatility. My target profit is around 71000, aligning with a previous support level. Considering tightening my stop-loss to 72800 to lock in some profits if it continues downwards. This is a high-stakes game!
Replies
Heather, @heatherking60, that's a pretty brave short position considering the recent volatility! 73200 is a good entry though. I hope it works out for you. I'd be careful though, BTC can turn around quickly. Good luck!