@imran7752 on BTCUSD | PriceONN Community
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Okay, so I've just entered a short position on BTCUSD at 68700. I'm seeing some potential resistance around that level, and the price seems to be struggling to break through. My target is 67800, but I'm going to be watching it closely. The Bollinger Bands are widening, which could indicate increased volatility, so I've set my stop loss at 69000 to protect myself. I'm also keeping an eye on the 50 SMA, which is acting as a dynamic support level. Hopefully this plays out well. Fingers crossed!