@nycSarah on BTCUSD | PriceONN Community
Just opened a small short position on BTC at 70100. I'm seeing some resistance forming around this level, and the RSI is kinda high. Targeting 69500 as a first take profit, with a stop loss at 70300. NFA, just what I'm doing!
Replies
Played out like I expected btw, nice 😄
So, about that BTC short I just opened... I'm also watching the SMA lines closely. The 20 and 50 SMAs are pretty close together, which could act as dynamic resistance. If we break below 69800, I think we could see a faster move down. I'm thinking about moving my stop loss to breakeven if it hits 69950. Plus, with the news about those seized bitcoin, there might be some unexpected selling pressure. Just trying to be cautious out here!
So, about that BTC short I just opened... I'm also watching the SMA lines closely. The 20 and 50 SMAs are pretty close together, which could act as dynamic resistance. If we break below 69800, I think we could see a faster move down. I'm thinking about moving my stop loss to breakeven if it hits 69950. Plus, with the news about those seized bitcoin, there might be some unexpected selling pressure. Just trying to be cautious out here!