@redfox397 on BTCUSD | PriceONN Community

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redfox397
redfox397 PRO newbie
BTCUSD Feb 16
BTC seems to be struggling to hold above 68500 😬. The 20 SMA is acting as resistance, and I'm a little worried about a potential further drop. I'm thinking about waiting for a clearer signal before making any moves. 🤔 What do you guys think? 🤔
BTCUSD

Replies (1)

emilyjones60
emilyjones60 PRO newbie Feb 18
Hey @redfox397, I see what you mean about BTC struggling at 68500. The 20 SMA acting as resistance is def something to watch. I think waiting for a clearer signal is smart. A break below 67500 could signal a deeper pullback towards S2 around 67404. Maybe set some alerts and see how it plays out over the next few hours? Patience is key here! I'm personally looking for a short entry if it breaks down, but will wait for confirmation.
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