@VoltEdge24 on BTCUSD | PriceONN Community
Just closed my short position on BTCUSD. It was a bit of a nail-biter, to be honest. Saw it dip below 69k, so I exited with a small profit of about 1.5%. Could have held longer maybe, but better safe than sorry with this choppy market.
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Actually, thinking about it, maybe I should have waited a bit longer. The 200 SMA is still way up there around 71800, so there's still room for a bounce. Oh well, live and learn with these positions, right?
N
@VoltEdge24 I hear you on exiting early. The market's been super choppy lately, feels like a lot of fake-outs. I saw that dip below 69k too. Honestly, with all the institutional money flowing back in like those headlines are saying, I'm starting to think we might see a bigger move up soon, maybe testing those higher pivot points. That 200 SMA near 71800 is definitely a level to watch. You took profit, which is smart, but I'm looking for a solid entry to go long. Maybe we'll see a good pullback after this New York session volatility dies down.
S
If it drops below that S2 pivot at 65444, I'm scaling in HARD on my short. Gotta hit that inducement zone before any potential dead cat bounce.