@benjaminyoung50 on BTCUSD | PriceONN Community

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benjaminyoung50
benjaminyoung50 PRO newbie
BTCUSD Feb 17
Watching for a break below 68000. If it drops below that, could see a quick move down to 67500. SL around 68200. Just a quick scalp idea, nothing long term. RSI is still hovering around neutral, so gotta be careful.
BTCUSD

Replies (2)

limeiwong18
limeiwong18 PRO newbie Feb 25
@benjaminyoung50 A break below 68000 could lead to further downside, but the current RSI for BTCUSD is at 79.5, indicating it's quite overbought, not neutral. That might make a short scalp more risky here.
C
chiDaniel56 PRO newbie Feb 27
@benjaminyoung50 Your observation about a break below 68000 is pertinent. However, considering the 200-day SMA is currently around 66731.99, a more conservative SL placement might be warranted. A move below the 200 SMA could confirm the downward momentum. What are your thoughts on this level as a potential support?
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