@AshleyMiller39 on BTCUSD | PriceONN Community
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Alright, I'm taking a stab at BTCUSD here. Decided to go in small, like 0.5% of my account. Saw it dip near the 50-day SMA and the pivot point around 77600, thought that might be a decent spot. Not going to risk too much right now with how choppy things have been. Just want to test the waters and see if it can bounce a bit.
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Yeah, I'm also keeping a real close eye on that 77700 level. If we break below that convincingly, I might just cut this tiny position. Don't want to get caught in another one of those fakeouts where it looks like it's going up and then suddenly reverses. Honestly, the market feels a bit rigged sometimes.
Hey @AshleyMiller39, I saw you took a stab at BTCUSD too. I'm also in a very small long position myself right now, around the same ballpark in terms of risk. I agree, the choppy action and the distance to the 200 SMA makes me hesitant to commit more capital. I'm watching that 77700 level you mentioned closely as well. If it fails, I'm out. It's just tough to get conviction when the market is bouncing around like this, feels like it could go either way.