@refilwemoloi12 on BTCUSD | PriceONN Community
Just closed my short position in BTCUSD around 67100. Took a small profit, maybe 100 bucks. Not going to chase this rally much higher, feels a bit extended. Planning to wait for a pullback to around 66k or maybe even lower before looking to get back in. Scaling out slowly is the plan for now.
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Yeah, I'm thinking I might just hold off on adding more for now. If we don't see a solid dip soon, I might just cut my losses and wait. Too much choppiness and I don't want to get caught in a fakeout or get liquidated if this rally suddenly reverses harder than expected. Risk management first, always.
Hey @refilwemoloi12, I saw you closed your short. I'm still holding my BTCUSD buy from way lower, but man, I'm getting nervous. I only put in like 10% of my capital because I'm a beginner, but even that feels like a lot right now. Is 67k a good place to take some profit or should I just ride it out?