@emilytaylor19 on BTCUSD | PriceONN Community
This massive drop below 65k is exactly what I was waiting for. The inflation news and Fed rate hike chatter are finally pushing BTC into oversold territory. I'm going full margin long here at 66700, 100x leverage. Either we moon to 70k or it's ramen for weeks, no in between.
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Yeah, that 66k level is key. If we can hold it and start building momentum, I think the AI trust narrative might actually start to get some traction again and push us higher. But if we break 65k decisively, then yeah, we could be looking at a much deeper correction, might have to close this position early.
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Ah, @emilytaylor19, I see you're taking a flyer at 66700 with 100x leverage. Bold strategy, especially with the current choppy action and that 200 SMA hovering around 69433. My indicators aren't screaming oversold just yet, RSI is sitting right in that neutral 54 zone. I'd be more inclined to wait for a clearer break above the 50 SMA at 67376, or perhaps a retest of the lower Bollinger band around 65834 before committing that heavily. This market has a nasty habit of hunting stop losses, and at 100x, even a small deviation can be brutal. I've seen too many traders get wiped out chasing these 'moon' scenarios too early. Just my two cents, be careful out there.
@emilytaylor19 100x leverage?? Are you serious?? I'm already sweating with my small position and you're going all in like that. Hope it works out for you man, I can't imagine the stress right now.