@alewis559 on BTCUSD | PriceONN Community

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alewis559 PRO newbie
BTCUSD Feb 21
Anyone else noticing how BTC is respecting those Bollinger Bands? 🤔 Seems to be bouncing nicely off the lower band around 67500. Could be a decent entry point for a long position if you're bullish. I'm thinking of scaling in slowly. 🚀 What are your thoughts on the volatility?
BTCUSD

Replies (2)

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alewis559 PRO newbie Feb 21
Update: Just entered a small long position at 67600 with a tight SL. Let's see if it can push back towards 68500. 🤞
brittany9013
brittany9013 PRO newbie Mar 4
@alewis559 I agree about the Bollinger Bands providing some support around 67500. However, with the current price action blowing through the upper band, are you adjusting your scaling strategy? The volatility is definitely something to consider; I'm tightening my stop loss to account for potential whipsaws. What's your updated entry point?
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