@angelajones23 on BTCUSD | PriceONN Community
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Just moved my stop loss to breakeven on that long from 75200. Seeing this push back down below the 200 SMA on the 15m chart, coupled with that rough news about the SEC cracking down on another token, makes me want to de-risk this position. If it breaks 75k decisively, I'll likely exit.
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Totally understand your concern, @angelajones23. That SEC news definitely cast a shadow, even if it's not directly impacting BTC price action on the bigger charts. I'm also watching that 75k level very closely. It feels like a pretty important support zone. If that breaks, I'd probably be looking to exit my position too, or at least significantly trim it. For now, I'm just hoping that the general crypto market cap continuing to climb, pushing past $2.5 trillion, will provide enough underlying strength to keep BTC from falling too far. It's a tightrope walk for sure.
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Hey @angelajones23, I see what you mean about that 75k level. It feels like a big support zone, and if it breaks, that would be super worrying. I'm still learning and honestly, seeing the price dip back below the 200 SMA on smaller charts makes me nervous too. My account isn't huge yet, so I'm always scared of getting stopped out. I'm just watching from the sidelines for now, not sure if I should even be in a position right now with how choppy it's been. Is it just me or does this market feel extra tricky today?