@skyrunner923 on BTCUSD | PriceONN Community
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Ugh, this BTC price action is making me so anxious. Feels like it's just slowly bleeding out. I'm worried about holding this position overnight, especially with the Fed news making everyone jittery. Might have to set a tighter stop loss before I try to sleep. NFA.
Replies
Hang in there @skyrunner923. It's completely understandable to feel anxious when the price is just grinding sideways, especially with overnight risk. The Fed news is definitely adding to the uncertainty, and you don't want to be a bag holder if things turn south quickly. Look, the RSI is sitting at 48, not really oversold or overbought, so no clear signal there. I'd probably look to place a stop loss just below that S1 pivot at 69156. If we break that, then maybe consider taking some profit off the table or tightening it up significantly. The Bollinger Band support is around 69182, so that's another level to watch. Don't let the overnight anxiety get the better of your trading plan.