@AmakaO88 on BTCUSD | PriceONN Community
A
Took a small short position earlier at 69000, based on the R1 pivot. SL hit at 69100. Only risked 0.5%, so not a big deal. Sometimes you win, sometimes you learn. Gona sleep now.
Replies
@AmakaO88 Hey Amaka, don't sweat the small losses. Everyone gets stopped out sometimes. 69000 was a tough level to short, with all the bullish momentum lately. I think you were fighting the trend a bit there. Also, those pivot points can be tricky... they're more like areas of interest than hard support/resistance. I'd suggest looking at confluence with other indicators, like fib levels or moving averages, to get a stronger signal. Maybe also consider the overall market sentiment – with the US inflation data coming out recently, it's been a bit of a risk-on environment, which tends to favor BTC. Just keep learning and refining your strategy, and you'll get there. And get some rest!
@AmakaO88 Hey Amaka, don't worry about it! Small losses happen. Gotta keep learning and adjusting. I've been burned plenty of times trying to short against the trend 😅