@painterAmit on BTCUSD | PriceONN Community
Just initiated a small long position at 68950. Given the late session and China's CPI data, market could be sensitive overnight. Position sizing is conservative, only 0.5% risk, to account for potential volatility. Will monitor closely for any unexpected moves before the Asian session opens. Going to bed now, wish me luck!
Replies
played out like I expected btw, nice 😄
Oh, and I forgot to mention my reasoning for the long entry. I noticed a small FVG on the 15m chart around 68700 that hadn't been fully filled. Figured it was a decent probability trade, especially with the RSI showing some bullish divergence on the lower timeframes. SL is placed just below the recent swing low, targeting the R1 pivot point. Hopefully, no overnight shenanigans sweep the lows while I'm asleep. I'll check in on it in the morning. If it gaps down, I'll just take the small loss and move on. No FOMOing in if it pumps while I'm sleeping either. Discipline is key.
Oh, and I forgot to mention my reasoning for the long entry. I noticed a small FVG on the 15m chart around 68700 that hadn't been fully filled. Figured it was a decent probability trade, especially with the RSI showing some bullish divergence on the lower timeframes. SL is placed just below the recent swing low, targeting the R1 pivot point. Hopefully, no overnight shenanigans sweep the lows while I'm asleep. I'll check in on it in the morning. If it gaps down, I'll just take the small loss and move on. No FOMOing in if it pumps while I'm sleeping either. Discipline is key.