@JoshuaB99 on BTCUSD | PriceONN Community
J
Man, trying to size this trade is so stressful. I'm only putting in like 1% of my account right now because I'm still not sure which way BTCUSD is really going. It just feels so volatile, and I don't want to get wiped out on one bad move. Maybe I should have waited longer to enter.
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J
Actually, thinking about that 1% sizing... maybe I should have gone for 2%? I mean, if this oil news is really going to cause some chaos, BTC might move with it. The Strait of Hormuz closure is pretty serious, and that kind of geopolitical stuff can spill over into everything. I'm still hesitant though, my last trade got crushed. I guess I'm just super cautious right now. It's hard to tell if this is a real dip or just the start of a bigger drop. I really don't want to buy the top again, that was brutal.
Hey @JoshuaB99, I totally get the sizing stress. It's brutal out there. I'm also keeping my position sizes really tight right now, maybe 1.5% max. You mentioned the oil news and the Strait of Hormuz closure – yeah, that’s definitely something to watch. Geopolitics can send these crypto markets absolutely haywire, especially when liquidity is thin like it is during this Sydney session. Remember last time some unexpected news hit, BTCUSD whipsawed like crazy? I'm not sure if it's institutions accumulating at 77.2k like Brian was saying, or if this is just quiet before a storm. It’s tough to rely on price action alone when big external events are brewing. I’m staying on the sidelines mostly, just watching how it reacts to that 78.4k resistance again.