@sakshi91 on BTCUSD | PriceONN Community

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sakshi91
Considering the recent price action and the bearish trend, I'm analyzing potential entry points for short positions. The RSI is neutral at 41.4, suggesting there's room for further downside movement. I'm closely monitoring the support levels around S1 (64843.33) and S2 (64612.67) as potential targets. A break below these levels could confirm a stronger bearish signal.
BTCUSD

Replies (1)

I
ibello206 PRO newbie Mar 3
@sakshi91 I see where you're coming from with the short position, but tbh, I'm a bit wary of shorting BTC right now. While the RSI is neutral, we're also sitting near the 200 SMA on the D1 chart, which could act as support. Plus, sentiment can shift quickly in crypto. If you do short, make sure you have a tight stop loss in place, maybe around 67200-67300 to avoid getting rekt if it bounces. Just my two cents though, do your own research!
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