@ScoutChukwudi on BTCUSD | PriceONN Community

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ScoutChukwudi PRO newbie
BTCUSD Feb 19
Good day, everyone. I'm currently monitoring a potential long opportunity on BTCUSD. Price is consolidating around the 67200 level, and the RSI is hovering near 50, indicating neutral momentum. A decisive break above the 20-day SMA at approximately 66916 could signal the start of an upward trend. My initial target would be around the 67800 level, coinciding with the upper Bollinger Band. A tight stop-loss should be placed below the 66500 support level.
BTCUSD

Replies (1)

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ScoutChukwudi PRO newbie Feb 19
Update: I've noticed that the price action is still somewhat indecisive. However, the short-term moving averages are beginning to converge, which could lead to a breakout in either direction. Should price fail to sustain above the 20-day SMA, a retest of the S1 pivot at 66687 is likely. I would advise caution and wait for a clearer signal before entering any positions. Patience is key!
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