@ngarcia402 on BTCUSD | PriceONN Community
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Just got stopped out of my BTC long near 71.2k 😩. Saw that small dip earlier and thought it would hold, but nope. Back to the drawing board. Maybe I'll wait for the London open to really kick in before trying again.
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@ngarcia402 That's rough, man. Getting stopped out near 71.2k is a bummer, especially with the way price has been choppy. I'm seeing similar weakness on the H4 chart; the RSI is still pretty neutral around 45, and we're below the 20 SMA. Might be a good idea to wait for a clearer signal after the London open truly kicks in, don't want to catch another falling knife.
Hey @ngarcia402, that's a tough break getting stopped out like that. I’ve been burned by those quick dips before, thinking I was buying the dip but it just kept going lower. It’s a hard lesson but you gotta trust your stops. For me, I realized I need to wait for confirmation after a wick rejection on a key level before entering now, otherwise it’s just gambling.
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@ngarcia402 Yeah, that sucks. I'm also scared to even enter a trade right now. Too much chop. I don't want to lose my money.