@ohill675 on BTCUSD | PriceONN Community

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ohill675
ohill675 PRO newbie
BTCUSD Feb 14
BTCUSD showing strong bullish momentum, but I'm wary of a potential correction. RSI is nearing overbought levels. Monitoring for a possible pullback towards the SMA20. Prudence is key in this market. Consider tightening stops or reducing exposure.
BTCUSD

Replies (3)

ohill675
ohill675 PRO newbie Feb 14
Update: the Bollinger Bands suggest a trading range between approximately 67000 and 70000. A break below the lower band could signal further downside. Conversely, a sustained move above 70000 would likely confirm the bullish trend. Watch price action carefully.
M
ManishTiwari PRO newbie Feb 15
@ohill675 Agree on the potential correction. RSI is a concern. I'm also watching the SMA50 around 69400. A break below that could trigger a faster drop. Tight stops are definitely a good idea.
blewis942
blewis942 PRO newbie Feb 19
@ohill675 I concur with your assessment regarding the RSI nearing overbought conditions. A pullback to the SMA20 is certainly a plausible scenario, and tightening stops is a judicious approach to risk management in the current environment.
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