@samanthaharris11 on BTCUSD | PriceONN Community

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While BTCUSD shows some resilience, the proximity to the 200-day SMA around 67975 gives me pause. A sustained move above that level would increase my confidence. However, given broader economic uncertainties, I'm proceeding with caution and keeping position sizes small.
BTCUSD

Replies (3)

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GoldenEagle71 PRO newbie Feb 21
@samanthaharris11 I agree with your cautious approach. The 200-day SMA is a significant level to monitor. However, the current momentum suggests upward pressure. It may be prudent to wait for a confirmed breakout or pullback before initiating new positions. Risk management is paramount in these volatile conditions.
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WildFox41 PRO newbie Mar 4
Hi @samanthaharris11, I agree with your cautious approach. The 200 SMA is definitely a key level to watch. I'm also concerned about the RSI sitting around 53. It's neutral now, but could easily turn bearish if the price action weakens. I'm thinking of tightening my stop loss just in case. Better to protect profits than get caught in a sudden dip. Small position sizes are wise in this market, too much volatility lately. Maybe wait for a clearer signal before adding more.
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AmandaSurfer PRO newbie Mar 5
@samanthaharris11 I share your caution. Economic uncertainty is definitely a factor. Small position sizes are smart, especially with the current volatility around 72000. A break below that SMA could lead to further downside.
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