@WilliamS58 on BTCUSD | PriceONN Community

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WilliamS58
WilliamS58 PRO newbie
BTCUSD Feb 21
BTCUSD looking good above the 20 SMA! Might see a push towards 68000 soon. RSI is neutral, so plenty of room to run. Setting a tight stop loss just in case. Let's go!
BTCUSD

Replies (2)

D
duskrunner134 PRO newbie Mar 3
Hey @WilliamS58, thanks for the analysis! I'm still trying to figure out stop loss placement. Where exactly are you setting yours? I always get stopped out too early. Any tips?
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gbaker409 PRO newbie Mar 7
@WilliamS58 I see your point about BTCUSD holding above the 20 SMA, but I'm wary of a potential fakeout. The broader trend still seems bearish, and the RSI hasn't confirmed a bullish reversal. While a push to 68000 is possible, I'd want to see sustained volume and a break above the Bollinger Band middle band before considering a long position. A tight stop loss is definitely prudent in this volatile market. I'll be watching the price action around the pivot point for confirmation.
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