@oliviamcdonald on BTCUSD | PriceONN Community
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Okay, so I've been looking at the daily chart for BTCUSD, and it looks like we're testing the 200-day SMA around 68250. If it breaks below that, I think we could see a pretty significant drop. The RSI is oversold on the daily as well, but it could stay oversold for a while before we see any real upward movement. I'm thinking a short position with a tight stop-loss above the SMA might be a good idea, but I'm still pretty new to this. What do you guys think?