Just opened a small position long on BTC. RSI looking ok and we've bounced off the 20 SMA. Not going too heavy though, volatility is still high. Market's been a bit unpredictable lately so keeping my position size conservative. Better to be safe than sorry! NFA of course.
Oh and I set my stop loss just below the 50 SMA, gives it a bit of room to breathe in case of a wick down. I'm targeting a move back up towards the recent highs around 72000. That seems like a reasonable target given the current momentum. But I'll be watching closely for any signs of weakness. Could be a liquidity grab coming, you never know with BTC! Discipline is key, stick to the plan!
