@rpatel945 on BTCUSD | PriceONN Community
Short BTCUSD if it breaks below 68900. SL around 69500. Targeting 68000. High risk trade, but could pay off. What do you guys thnk?
Replies
@rpatel945 Mate, that's a brave trade! Shorting BTCUSD with a tight stop like that is not for the faint of heart. I reckon 68900 is a key level, but be careful of fakeouts. The Bollinger Bands are squeezing, so a big move is coming, but which way? Personally, I'd wait for more confirmation before diving in. Remember, trading isn't a sprint, it's a marathon... unless you're day trading, then it's a series of sprints punctuated by moments of sheer panic. Good luck!
M
@rpatel945 Your SL is way too wide for the potential reward. BTCUSD can be very volatile. A tighter SL at 69200 would be better imo. Also, targeting 68000 seems optimistic, given the current bearish pressure. Maybe aim for 68300 first?