@aRobinson72 on BTCUSD | PriceONN Community
Alright, let's see if this 67k level holds. Seems like a lot of folks are getting jittery with the ~1.7% drop today. I'm thinking of throwing in another 50x leverage long if it dips closer to 66.5k. Gotta catch these swings, right?
Replies
If it doesn't break 66.5k, that little dip was just noise. Then it's straight back to 68k or higher. Easy money.
T
Hey @aRobinson72, I saw your comment about potentially going long at 66.5k. That's a bold move with this kind of volatility, especially using 50x leverage! While I understand the desire to catch a swing, I'm a bit more cautious. We're currently sitting right on the 20-period SMA, but the 50 SMA is still above us, which isn't the most bullish sign. If we do dip to 66.5k, it's definitely a level to watch, but I'd want to see some clear bullish divergence on the RSI or a solid bounce off that support before committing. Remember, the goal is to survive these choppy sessions first, profits later!