@fmorgan254 on BTCUSD | PriceONN Community

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fmorgan254
fmorgan254 PRO newbie
BTCUSD Feb 23
BTCUSD is exhibiting oversold conditions according to the 14-day RSI, currently at 24.4. While this suggests potential for a mean reversion, the prevailing bearish trend indicates that further downside is possible. I will be monitoring price action closely for signs of a trend reversal before considering any long positions.
BTCUSD

Replies (1)

fmorgan254
fmorgan254 PRO newbie Feb 23
Update: The S1 pivot point at 63577 could act as immediate support. However, given the strong downward momentum, I anticipate a potential test of S2 at 62723.
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