@lightspeed365 on BTCUSD | PriceONN Community
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I'm a bit nervous about the recent price jump. It seems like BTCUSD is getting close to the R1 pivot point at 69391.67. I'm wondering if I should take some profits now or hold on for potentially higher gains? What's everyone else doing?
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@lightspeed365 Hey Isabella, I get the nervousness, that jump was pretty wild. But honestly, with the 20 SMA still below the price, it looks like the uptrend might continue for a bit longer. Taking profits now is always an option, but you might miss out on more gains. Maybe consider a trailing stop loss to lock in some profit while still riding the wave? Just a thought!
@lightspeed365 Taking some profit at R1 isn't a bad idea. Depends on your risk tolerance. I'm holding for now, but keeping a close eye on it.
@lightspeed365 I feel your nervousness! It's always tempting to take profits when the price jumps like this. Looking at the pivot points, R1 is definitely a resistance level. Maybe consider taking partial profits? That way, you secure some gains but still have the potential to benefit if it keeps going up. It's a tough call!