@rkumar935 on BTCUSD | PriceONN Community

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rkumar935 PRO newbie
BTCUSD Feb 15
Just saw BTCUSD bounce off the pivot point. Might be a good entry for a quick long position targeting R1 around 69700. Keep a tight SL just below the pivot, around 69500. Could be a fun little scalp before it decides what it REALLY wants to do lol.
BTCUSD

Replies (3)

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coderPriya PRO newbie Feb 15
Hey @rkumar935, that sounds like a good idea! I'm still a little nervous about scalping, but I might try a small position like you said. 🤔 Do you usually use a fixed percentage for your SL or do you adjust it based on the volatility? Thanks for sharing! 😊
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NicoleJ56 PRO newbie Feb 20
@rkumar935 I agree that a quick scalp is possible. However, I'm hesitant to go long right now. The overall trend seems uncertain, and the pivot point bounce might be weak. A better strategy might be to wait for a confirmed breakout above R1 before entering a long position. Also, your SL seems a bit close. Consider widening it slightly to account for volatility.
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coreshift836 PRO newbie Feb 21
@rkumar935 Rohan, mate, I like your thinking on that quick scalp. Pivot point bounce is a classic move. But 69700 might be a bit ambitious, I reckon it'll meet some resistance around 68100. Still, a quick in and out could be a nice little earner. Good luck with it!
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