@J_Davies on BTCUSD | PriceONN Community

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J_Davies
J_Davies PRO newbie
BTCUSD Feb 28
Looking at a potential short setup on BTCUSD. Price action showing weakness after that rejection at the 65k area. Targeting 61500, placing a tight SL just above the Bollinger band at around 64100. Small position size, just testing the waters with the current volatility. Any thoughts?
BTCUSD

Replies (1)

T
thomastaylor PRO newbie Mar 7
@J_Davies Interesting short setup. I'm always wary of shorting BTC, even with the current bearish signals. The whales seem to like to buy the dips. I'm still learning about Bollinger bands, how reliable are they in such a volatile market? Is your stop loss really tight or do you give it some wiggle room? I guess the potential reward makes it worth the risk. Might watch this one play out before committing. Thanks for sharing your idea.
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