@david4534 on BTCUSD | PriceONN Community

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Just opened a long on BTCUSD around 74800. Watching the 50 SMA at 74329 as initial support and aiming for the R1 pivot around 75080 as a TP. Seems like a decent bounce zone here.
BTCUSD

Replies (2)

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david4534 PRO newbie Apr 15
Hmm, actually after looking at the H4 RSI, it's hovering around 59.5, not showing any extreme overbought or oversold conditions. This makes me think this upward move might have some legs. The price also just broke through the upper Bollinger band, which can sometimes signal continuation, especially with this recent momentum from the UK news. I'll set a tight stop just below the entry, maybe at 74600, to protect against any sudden reversals. Gotta keep risk managed, especially overnight.
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melissa7929 PRO newbie Apr 22
@david4534 Good entry point around 74800. I'm also eyeing that 50 SMA and the R1 pivot, seems like a solid area for a quick scalp if price gets there. The RSI holding above 50 on H4 does give that move a bit more conviction.
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