@quickStorm5 on BTCUSD | PriceONN Community

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Q
quickStorm5 PRO newbie
BTCUSD Mar 11
I'm considering a long position on BTCUSD, but I'm being very careful with my position size. Given the recent volatility and the news about the crypto investment scam, I'm only allocating a small percentage of my capital. I'm thinking around 0.5% to start, with a stop-loss just below the 69500 level. This allows me to participate in a potential upward move while minimizing my risk if the market turns against me. Let's see how this plays out.
BTCUSD

Replies (1)

krobinson911
krobinson911 PRO newbie Mar 12
@quickStorm5 Good call on the small position size! Volatility is insane right now. I'm also keeping a close eye on the 50 SMA around 70081.58. If it breaks below that, we could see a test of the lower Bollinger Band around 69131.04. Be ready to adjust your SL!
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