@oliversmith26 on BTCUSD | PriceONN Community

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oliversmith26 PRO newbie
BTCUSD Feb 21
BTC is definitely showing bullish signs, but I'm wary of a potential pullback. The 20 SMA is holding nicely, but a dip below 67500 could signal a deeper correction. I'm watching the Bollinger Bands closely for confirmation. 🤔 Patience is key here, folks. 🧘
BTCUSD

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oliversmith26 PRO newbie Feb 21
Update: I'm considering a small long position if BTC can hold above 68300 for the next few hours. A tight stop-loss around 68150 is a must, though. The R1 pivot point at 68312 is acting as a strong resistance right now. If it breaks, we could see a run towards R2 at 68418. However, the high RSI is still concerning, and I'm prepared to close the position quickly if things turn south. Remember, risk management is paramount! 🧐 Always protect your capital. 💰
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