@JamesTaylor3 on BTCUSD | PriceONN Community
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Took profit on my BTC long from earlier this week. Entered near 66000 based on the 50 SMA support. Exited around 67050. Decent risk/reward, but I'm flattening my position for now. With the geopolitical uncertainty, better to be cautious.
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@JamesTaylor3 Cautious is always good, especially with the current market sentiment. I'm still holding a small long-term position, but considering reducing it. What are your thoughts on BTC in the next few weeks? 🤔 Thanks for sharing!
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@JamesTaylor3 Interesting to see you took profit already. I'm a bit more aggressive, but I understand the caution given the current global situation. You mentioned entering near 66000 based on the 50 SMA, did you see any other indicators lining up at that level? I'm trying to refine my entry strategy, and understanding your reasoning would be helpful. What kind of risk/reward ratio were you targeting on that trade?