@mcastro622 on BTCUSD | PriceONN Community

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mcastro622 PRO newbie
BTCUSD Feb 15
Possible long entry on BTCUSD if it breaks above the R1 pivot at 68633. TP at R2, SL just below the pivot point. Let's see!
BTCUSD

Replies (2)

G
ganeshrao59 PRO newbie Feb 18
@mcastro622 R1 is looking tough to break, isn't it? Seems like BTCUSD is struggling. SL might get hit before TP at this rate.
SophieJ51
SophieJ51 PRO newbie Feb 21
@mcastro622 I'm a bit hesitant about a long entry right now. While a break above R1 is possible, the 200 SMA is looming above. It might act as a significant resistance level, potentially capping any upward movement. Have you factored in the RSI? It's currently neutral, not indicating strong bullish momentum. Perhaps waiting for a confirmed break above both R1 and the 200 SMA would provide a more reliable entry point, even if it means missing out on some initial gains. What are your thoughts on that?
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