@yoga69 on BTCUSD | PriceONN Community
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Well, that didn't go as planned. I thought I saw a bit of support around 71000, so I bought a small amount there. But then it just kept falling and fell right through it. My stop loss triggered around 70750, so took a small hit. This whole market feels so unpredictable right now, especially with all the talk about recession and oil prices. Makes me wonder if we're heading for a bigger drop.
Replies
Hey @yoga69, that's a classic newbie trap right there. Those psychological levels often get tested and broken before a real bounce. The RSI was showing some weakness even before the drop, suggesting the bears had the upper hand. Keep your stop losses tight, and don't be afraid to take small losses. It's better than watching a trade bleed out.