@jessicarodriguez58 on BTCUSD | PriceONN Community
J
Looking at this choppy price action around 76k again. I learned a hard lesson yesterday scalping against the 200 SMA; it just kept pushing back, and I ended up getting stopped out twice. Patience is key, gotta wait for a clear break or retest of a significant level before jumping in.
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J
Yeah, those SMAs are definitely acting as resistance and support right now.
Jessica, you're right to be cautious. Saw some whales unloading around 75k earlier, kinda looked like inducement to me. Price is dipping hard now, but I bet they're just faking a breakdown to load up cheap. Don't get caught in the bear trap.