@rubystewart76 on BTCUSD | PriceONN Community

Update: Already seeing some follow-through on that short. 💪 RSI confirming the downward pressure. I'm adjusting my TP to 66500, anticipating a potential bounce there. Remember to manage your risk! ⚠️ Could be a good area to take partial profits and move SL to breakeven. I'm using a 0.5% risk on this trade. Algorithmic backtests showed strong performance for this setup during similar market conditions. Keeping a close eye on volume too; a spike could signal a reversal. Good luck trading! 🍀

I see your point, @rubystewart76, but I disagree about the weakness. After the initial dip, BTCUSD seems to be consolidating. I'm more inclined to believe this is a temporary pullback before another leg up, especially with the geopolitical tensions possibly driving safe-haven demand. A SL above the 50 SMA might be too tight.