@sbaker565 on BTCUSD | PriceONN Community

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sbaker565 PRO newbie
BTCUSD Feb 27
Well, BTCUSD is definitely having a rough day! Seeing that big drop is a bit unnerving, but I'm trying to stay calm and see if it bounces back. I'm thinking this might be a good chance to buy the dip if it stabilizes soon. Fingers crossed!
BTCUSD

Replies (1)

K
KatherineY31 PRO newbie Mar 5
Scarlett, @sbaker565 I hear you on the rough day! "Buy the dip" is always tempting, but let's not get ahead of ourselves. This dip is a bit more concerning than a simple pullback, imo. The bulls need to defend the 72k level or we might see a test of the 20 SMA around 72460. I'd wait for confirmation of a bounce – maybe a bullish engulfing candle on the H4 chart – before jumping in. Otherwise, you might be catching a falling knife. Remember, sometimes the best trade is no trade at all! Don't let FOMO get the best of you.
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