@tyler9675 on BTCUSD | PriceONN Community
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I'm looking at BTCUSD and trying to figure out the best approach. The price is around 67300, and the SMAs are all pretty close. It's tough to tell if it's going up or down. I'm thinking of setting a stop-loss order just below the S1 pivot at 67286, but I'm not sure where to set my take profit. Maybe around the R1 pivot point? I'm still trying to understand how to read these levels effectively. I'm skeptical about relying too much on just one indicator, so I'm trying to look at the overall picture. Any advice would be appreciated.