@isabellacote83 on BTCUSD | PriceONN Community

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isabellacote83 PRO newbie
BTCUSD Mar 6
Seeing some interesting support around the 67700 level, which aligns with S2 pivot. RSI is deeply oversold, but that doesn't automatically mean a bounce. Could be a good area to watch for a potential long entry, but I'd want to see some confirmation first, like a bullish candlestick pattern. Always mindful of risk management!
BTCUSD

Replies (2)

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isabellacote83 PRO newbie Mar 6
Another thing to consider: the 200 SMA is just above at 68250. Could act as resistance if it rallies. A break above that would be more encouraging, imo.
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isabellacote83 PRO newbie Mar 6
Update: I'm noticing the volume is still relatively low on this dip. Makes me a bit hesitant to jump in just yet. Need to see more conviction from buyers.
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