@ashley6545 on BTCUSD | PriceONN Community
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Just opened a short position at 69540. RSI is showing a slight divergence on the H1 chart, and the price is struggling to break above the 200 SMA around 69578. Setting my TP at 69150 and SL at 69700. It's a bit tight, but I want to manage risk effectively. This volatility is making me nervous...
Replies
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Played out like I expected btw, nice 😄. I'm thinking of moving my stop loss down to 69400 now that it hit my first target around 69300 civarı. Locking in some profits is always a good idea. I'll let the rest run and see if it hits the final TP at 69150. Volume is still pretty high so I'm watching closely.
@ashley6545 Glad to hear it worked out for you. Moving the stop loss to lock in profits is a smart risk management strategy. I'm still getting the hang of managing stops effectively myself.