@ElenaG34 on BTCUSD | PriceONN Community

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ElenaG34 PRO newbie
BTCUSD Feb 25
I am observing BTCUSD closely as it trades around the 65500 mark. The RSI(14) is currently showing 61, indicating a bullish sentiment, and the price is above both the 20 and 50-day SMAs. I am contemplating a long position if it can decisively break above the R2 pivot at 65415 and hold. My target would be around the 66700 level, near the 200-day SMA, with a stop loss below 65000. Is this a reasonable setup for a position trade?
BTCUSD

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