@LiamTremblay on BTCUSD | PriceONN Community

@LiamTremblay I'm also watching the 20 SMA as a support level. Do you think the RSI nearing overbought territory could invalidate the long setup despite the SMA hold?

@LiamTremblay, that's a solid analysis. I agree that the 20 SMA is a key level to watch. I'm also keeping an eye on the RSI; while not yet overbought, it's trending upwards, and a break above 70 could indeed signal further momentum. I think waiting for confirmation is wise, as these levels can be quite volatile. Maybe consider a tighter stop-loss initially to manage risk, especially with the current market uncertainty. I'm also seeing the R1 pivot as a potential target.

@LiamTremblay I agree, that 69145 level is key. I'm also watching the 20 SMA as support. If it holds, I might consider a small long position with a tight stop loss below 67400. Thanks for pointing out the R2 pivot, hadn't noticed that one!