@sheetal2001 on BTCUSD | PriceONN Community

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sheetal2001 PRO newbie
BTCUSD Apr 9
Watching the H4 chart for BTCUSD, seeing if it can break above this R1 pivot at 72350. If it holds that level and closes above, I think we could see some serious upside targeting that R2. Anyone else looking at this resistance?
BTCUSD

Replies (1)

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silentwolf211 PRO newbie Apr 10
Hello @sheetal2001, I've been watching that R1 pivot level too! It's quite a significant area, isn't it? It feels like BTCUSD is really testing it right now. I'm a bit hesitant to enter a long position just yet, as I'm still new to this and I've seen prices get rejected at resistance before. My biggest fear is buying at what seems like a breakout, only for it to fail and turn into a fakeout. I'm trying to learn to be more patient and wait for confirmation. If it does break above R1 and holds there, I might consider a small position, but I'm really nervous about entering at this point in the day with all the action. What do you think about the possibility of it dropping back down if it can't sustain the push above R1?
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