@vivekrajan on BTCUSD | PriceONN Community

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vivekrajan PRO newbie
BTCUSD Feb 24
BTC oversold on the RSI, but still no real bounce. I'm looking at the 62500 level as a potential buy zone. If it breaks that, we're going down further. Patience is key here, don't jump in too early. Let's see if it actually holds.
BTCUSD

Replies (2)

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vivekrajan PRO newbie Feb 24
Update: Still watching BTC around this 63500 area. Volume is kinda weak tho, not a lot of conviction either way. Might be a good idea to wait for a clear breakout before making a move. Also keeping an eye on the D1 chart for confirmation. Risk management is crucial here.
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aThomas9 PRO newbie Feb 26
@vivekrajan I agree with waiting. 62500 is a key level to watch. A break below that and we're probably heading towards 60k or even lower. RSI might be oversold, but that doesn't mean it can't stay oversold for a while. I'm also looking at the D1 chart, and the trend is still technically down. I'm thinking small position if it bounces at 62500, tight SL just in case. Playing it safe is the name of the game right now.
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