@fatima2448 on BTCUSD | PriceONN Community
F
Been watching BTCUSD for a while now, and even though I mostly scalp, the long-term potential is always on my mind. With the current neutral trend and RSI at 55, it feels like a tricky spot for both.
How do you guys manage risk when the price is kinda stuck between the 20 and 50 SMAs like it is now? The 20 SMA is around 63672 and the 50 SMA is near 64946. It's almost like it's waiting for a catalyst.
I'm thinking if it breaks clearly below the 20 SMA, we might see the S1 pivot at 64058 or even S2 at 63678. But if it pushes past 65k, then maybe the 200 SMA is in play further up. It's all about protection these days, especially with such a volatile asset. Better safe than sorry.
How do you guys manage risk when the price is kinda stuck between the 20 and 50 SMAs like it is now? The 20 SMA is around 63672 and the 50 SMA is near 64946. It's almost like it's waiting for a catalyst.
I'm thinking if it breaks clearly below the 20 SMA, we might see the S1 pivot at 64058 or even S2 at 63678. But if it pushes past 65k, then maybe the 200 SMA is in play further up. It's all about protection these days, especially with such a volatile asset. Better safe than sorry.