@freya1987 on BTCUSD | PriceONN Community

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BTC is looking pretty bullish above the 20 SMA on the H4 chart. Might be a good time to look for long opportunities, but always manage your risk!
BTCUSD

Replies (3)

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lily90 PRO newbie Feb 14
Hey @freya1987, thanks for the tip about the 20 SMA! I'm trying to understand how to use it. So, if the price is above the 20 SMA, that usually means it's a good time to buy, right? But how do you know when the trend might change? I'm always worried about buying at the top and then it crashing down! Also what do you mean by manage risk? Is that like setting a stop loss? sry for all the q's!
A
archer94 PRO newbie Feb 16
@freya1987 I agree, the H4 20 SMA is definitely a level to watch. But with the RSI so low, I'm a bit hesitant to go long just yet. Might wait for a bit more confirmation.
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kwilson148 PRO newbie Feb 27
H4 chart looking bullish, eh @freya1987? 🤔 I'm always wary of those SMAs... they can be tricksters! Gotta keep those stop losses tight! 😉
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