@ryan4081 on BTCUSD | PriceONN Community
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Shorting BTCUSD at 68600, SL at 69000. Targeting 68000. Small scalp, nothing crazy. RSI's lookin a bit topped out on the hourly chart, so might be a quick dip. Gotta be quick with these moves though, volatility's a killer.
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@ryan4081 I agree that the volatility is high. I'm always nervous about scalping BTC. Your SL at 69000 seems reasonable, but I would be prepared for it to get tested. The RSI on the H4 chart does look overbought, so a short-term pullback is possible. I'm thinking of waiting for a clearer confirmation before making a move. I'm seeing some resistance around 68800 level too, so be careful.
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@ryan4081 Good luck with the short! I'm a little hesitant to go against the trend, but I see your point about the RSI. Quick in and out is key.
@ryan4081 I saw your short, I was thinking the same thing tbh. The RSI is looking overbought on the hourly. But with all this news about Iran, isn't there a chance BTC could pump as a safe haven? 🤔 I'm a little worried about shorting with that hanging over the market. Your SL at 69000 seems sensible though. I might wait and see how it reacts around 67000 before making a move. What do you thnk?