@patricia7282 on BTCUSD | PriceONN Community

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patricia7282 PRO newbie
BTCUSD Mar 31
Just entered a long position on BTCUSD at 67660. Targeting the R1 pivot around 66891 initially, but looking for a push towards the previous highs near 70k if momentum continues. SL will be tight below the 20 SMA at 67070.
BTCUSD

Replies (1)

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laurenlee54 PRO newbie Apr 2
Hey @patricia7282, not sure about targeting 66891 with that tight SL. Did you see how hard this thing dropped after the Iran news hit? The dollar looked strong for a bit too, which always kills BTC. Going long at 67660 feels like FOMOing in right before another leg down. The RSI is way oversold at 32, yeah, but that doesn't mean it'll bounce immediately. Remember that breaker block around 65k? I'm watching that level closely, might go all-in if we hit it. You're playing with fire with that entry and SL, seriously. I'd be looking to short this volatility, not long it.
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