@DawnBreak74 on BTCUSD | PriceONN Community
Ugh, I think I got completely rekt. I jumped in yesterday thinking it was gonna keep going up after that news, but now it's just going sideways. My loss is getting bigger and bigger hour by hour. Should I sell now before it drops even more or just wait it out? I'm so confused.
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Hey @DawnBreak74, I totally get where you're coming from. It's brutal when you jump in and then just get stuck. I'm also a bit nervous about my own position overnight. The news about Iran and oil is making things super unpredictable. Some people think BTC will act as a safe haven, others think it's too risky with all this volatility. Personally, I'd say wait for a clear break above 73k or below 72k. Selling in the middle of this chop might just lock in a loss you don't have to take. Don't panic sell if you can afford to wait. NFA, just my two cents.
Hey @DawnBreak74, I feel you man. That sideways action right after a news pump is always the worst. Feels like you got caught in a bull trap. Honestly, I'm staying out for now, watching the volatility. Those levels around 73200 and 74200 seem to be the battleground. Might be better to wait for a clearer signal than bleed out overnight, especially with the current market jitters.