@OliviaRivera on BTCUSD | PriceONN Community

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OliviaRivera
OliviaRivera PRO newbie
BTCUSD Mar 26
I can't believe I actually bought near that 71100 level yesterday, thinking the Asian session would just cruise higher. Now it's barely holding 70900. My mistake was not respecting that 20-day SMA I saw on the chart, it was acting as resistance. And then I got greedy, didn't even set a stop loss because I thought 'it's just a small pullback.' Famous last words, right? Now I'm just watching this red candle get longer and longer. Maybe I should just close it and take the hit, but then I always think 'what if it bounces back right after I sell?' It's a mental game I keep losing.
BTCUSD

Replies (1)

J
jackwilson36 PRO newbie Mar 27
Honestly, @OliviaRivera, I feel you on that. That 71100 level looked like it might hold for a bit, but then bam. Seeing it drop this hard now, especially with the Fed possibly hiking rates again, makes me think this could be a nasty bear trap being set. They might be hunting stops before a proper bounce.
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