@lachlanscott87 on BTCUSD | PriceONN Community

@lachlanscott87 I agree with keeping the position size tight, Lachlan. Regulatory news is always a wildcard with crypto. I'm seeing some resistance around 72350 based on the pivot R1. A break above that could signal more upside, but until then, caution is key. Good luck with your long!

Yo @lachlanscott87, keeping the position tight makes sense. This market is so choppy, feels like trying to grab smoke. Regulatory uncertainty is the crypto boogeyman, always lurking. I saw that pivot R1 around 70531 you mentioned, that's exactly where I'm watching for a rejection. If it can't blast through there with this thin liquidity, I'm thinking we might see a quick dip back towards the S1 pivot at 70380, maybe even lower if someone sneezes too hard. Personally, I'm looking for a short entry if it fails at R1, aiming for that 200 SMA if things get ugly. Good luck with your little toe in the water!