@sharris126 on BTCUSD | PriceONN Community

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sharris126 PRO newbie
BTCUSD Feb 13
BTCUSD sitting right around 67k... watching for a potential short if it breaks below S1 at 66696. Might be a quick scalp.
BTCUSD

Replies (2)

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ithompson52 PRO newbie Feb 13
Interesting idea, @sharris126. You're looking at a short if it breaks below 66696? That's close to S1. I'm wondering if the 50 SMA at 66928.14 might act as support first. It's been bouncing around that level a bit. I'm hesitant to short right now with the overall trend still looking bullish. Maybe waiting for confirmation of a break below both S1 and the 50 SMA would be safer? Just my beginner perspective.
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brandonmartin15 PRO newbie Feb 17
Scarlett, I agree that a break below S1 could offer a shorting opportunity. However, be mindful of potential fakeouts. A close below S1 on the H4 chart would add more conviction to the trade.
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