@megan94 on BTCUSD | PriceONN Community

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megan94
megan94 PRO newbie
BTCUSD Mar 12
Okay, so BTC dipped a bit below 70k, but the 200 SMA is holding for now... I'm watching closely. Seeing some indecision candles on the hourly. Could be a good buying opportunity if it bounces, or a nasty drop if it breaks. Gotta be ready for anything.
BTCUSD

Replies (1)

S
sthompson247 PRO newbie Mar 12
Hey @megan94! I totally see what you mean about the indecision candles. It's making me nervous! I'm also watching the 200 SMA, and it seems like a pretty important level. If it really breaks down, what's your plan? Do you think we should wait for confirmation before selling? I am a bit worried about a nasty drop, especially with all the news about crypto regulations lately! I think it is a good idea to be cautious right now. Maybe setting tighter stop losses is smart?
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