@ChideraN6 on BTCUSD | PriceONN Community
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Okay, I'm jumping in. Just opened a long position on BTCUSD at 66850. Feeling pretty good about this. We've seen a lot of indecision today, but that Walmart-backed OnePay news about adding more tokens like Polygon and Solana is interesting. It might signal a broader interest in crypto adoption, and I think BTC will lead the charge. My target is around 67500 initially, looking for that R1 pivot. If we break that, I'll reassess. SL is set at 66500 just in case. NFA, of course!
Replies
@ChideraN6 Hey Chidera, good to see you're initiating a long at 66850. That's a solid entry point, right around the Bollinger middle band. I agree, today's been a bit choppy, lots of sideways action. The OnePay news is definitely a positive sentiment driver, especially for the altcoins like Polygon and Solana you mentioned. However, I'm still watching that 200 SMA on the daily chart which is sitting up around 68573. That's been a significant resistance area recently. Also, RSI is still hovering around 42, not exactly screaming bullishness yet. I'd be looking for confirmation, perhaps a break and hold above the S1 pivot at 67186, and ideally clearing that 20 SMA. If we get some heavy buying pressure through those levels, your long could definitely work out. Just manage your risk carefully, maybe trail your stop as price moves up.