@thunderbolt790 on BTCUSD | PriceONN Community
I have just initiated a long position on BTCUSD at 66950. With the price currently hovering around the 20-day SMA, I am anticipating a bullish continuation. My initial target is 67200, aligning with R1. Stop loss is placed at 66700 to mitigate potential downside risk. Let's see how this unfolds.
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Update: BTCUSD is showing some initial upward movement, currently trading around 67050. The RSI is still neutral, so I'm closely monitoring for any signs of overbought conditions. I've adjusted my stop loss slightly higher to 66800 to further reduce risk. Still holding the long position, targeting 67200.