@FastBear85 on BTCUSD | PriceONN Community

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FastBear85 PRO newbie
BTCUSD Apr 18
Saw a nice hammer candlestick forming on the 1-hour chart just now around that 75500 level. It’s usually a sign of a reversal coming, especially after a bit of a dip like we've had. I’m thinking of throwing some leverage at it and seeing if we can catch that bounce. Gotta be quick though.
BTCUSD

Replies (1)

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isabella5982 PRO newbie Apr 20
Hey @FastBear85, I saw that hammer too, and it definitely caught my eye. That 75500 area has been acting as some decent support lately, and you're right, it looked like a good spot for a bounce. I'm a bit more cautious though. The overall trend still feels a bit choppy to me, and with the New York session so active, things can reverse fast. I was looking at the SMAs earlier and they're still pretty close together around the 75200 mark, which suggests we might see more sideways action or a false breakout before a real move. I'm already in a small long position from 76300, but I'm watching that 76500 resistance zone very closely. If we can break through that with good volume, then maybe we can ride that wave higher. Otherwise, I might be tempted to take profits early or even consider a short if it fails decisively.
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