Watching my long position on BTCUSD from around the 70900 mark. Just tightened the stop loss to break-even, 71025. RSI is still hanging around 57, so not overbought yet. Hoping this push above the 50 SMA holds and we can target R1 at 71235.
@sofiahall that's a bold move going long at 70900, especially with all the news about oil prices and potential regulatory hurdles for crypto. I saw those headlines too, and it makes me really hesitant to be in any positions as the US session closes. You're right that RSI isn't overbought yet, but with the global economic jitters, I wouldn't be surprised if we see some sharp moves. I've been watching my own BTC position closely and I'm thinking of closing it for the night. Just too much uncertainty with the oil situation impacting everyday finances, which could easily spill over into other markets. Hope your break-even stop does its job if things turn south. It's tough to sleep when you're exposed to this kind of volatility.
