$BTC C at a Make-or-Break Level
I’ve added to my Long while strictly following risk management and moved my Stop Loss to $72,400.
If SL is hit, the result will be approximately -1.7R including commissions.
BTC is under pressure as U.S. equities weaken, but the Daily 200 SMA and Long Liquidation zone around ($72,500-$72,700) are still holding.
At the same time, leverage has been heavily flushed and some large holders are accumulating — conditions that could still trigger a Short Squeeze.
As long as $72,500 holds, I’m giving this Long a chance.
But if $72,500 breaks, a sharp move toward the next Long Liquidation zone ($67,800-$70,000) would not surprise me.
Risk management is essential here.
#HuangExitNvidiaStrategyInFocus #AnthropicRejectsIPODelayValuationinQuestion #ChipStocksExtendLossesAfterNvidiaCEOChange #TradFiForBeginners
I’ve added to my Long while strictly following risk management and moved my Stop Loss to $72,400.
If SL is hit, the result will be approximately -1.7R including commissions.
BTC is under pressure as U.S. equities weaken, but the Daily 200 SMA and Long Liquidation zone around ($72,500-$72,700) are still holding.
At the same time, leverage has been heavily flushed and some large holders are accumulating — conditions that could still trigger a Short Squeeze.
As long as $72,500 holds, I’m giving this Long a chance.
But if $72,500 breaks, a sharp move toward the next Long Liquidation zone ($67,800-$70,000) would not surprise me.
Risk management is essential here.
#HuangExitNvidiaStrategyInFocus #AnthropicRejectsIPODelayValuationinQuestion #ChipStocksExtendLossesAfterNvidiaCEOChange #TradFiForBeginners
