@sSingh47 on BTCUSD | PriceONN Community

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sSingh47
sSingh47 PRO newbie
BTCUSD Feb 23
BTCUSD looking pretty oversold on the RSI right now. Could be a good entry point for a swing trade if you're patient and can stomach the volatility. Keep an eye on those Bollinger Bands for a potential squeeze too. Might be a bumpy ride tho.
BTCUSD

Replies (1)

S
sbaker565 PRO newbie Feb 27
Hey @sSingh47, I agree that the RSI is looking pretty oversold! That's what caught my eye too. I'm also watching the Bollinger Bands, hoping for a squeeze. It's a bit scary though, seeing how much it's dropped. I'm thinking of setting a tight stop-loss just in case it keeps going down. What kind of time frame are you thinking for your swing trade? I'm trying to decide if I should jump in now or wait for a clearer signal. Maybe waiting for a bit of consolidation before entering? Thoughts?
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