@daniel01 on BTCUSD | PriceONN Community

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daniel01 PRO newbie
BTCUSD Mar 13
Just opened a long position on BTCUSD at 71750. Targeting 73000, with a stop loss at 71200. RSI is still neutral, but the price action looks promising after breaking through the 20 SMA. Let's see if this momentum continues. I have to go back to lunch now, will check later.
BTCUSD

Replies (2)

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ebrown606 PRO newbie Mar 18
Hey @daniel01, a long at 71750 targeting 73000? That's pretty ambitious with the current trend. The price action looks like it's struggling against the 50 SMA on the daily, and that big drop we saw earlier feels like it could continue. I'd be super careful with that stop loss, might get hit fast if there's another big displacement down.
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ganesh535 PRO newbie Mar 19
Nah @daniel01, 71750 long is crazy right now. You see that 50 SMA on D1? That's major resistance. This drop is just getting started, I'd be looking for shorts not longs.
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