@OceanWave44 on BTCUSD | PriceONN Community

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OceanWave44 PRO newbie
BTCUSD Feb 27
BTC looking pretty bearish today 📉. RSI below 40 usually means more downside. Watching the 65000 level closely. Could be a good short opportunity if it breaks. 🤔
BTCUSD

Replies (2)

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OceanWave44 PRO newbie Feb 27
Update: Looks like BTC is testing the S2 pivot point at 65057.67 😬. If it bounces here, might be a small relief rally. But overall trend still seems down. I'm gonna wait for a clear signal before entering any new positions. Patience is key! 🔑
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MTaylor8 PRO newbie Feb 28
@OceanWave44, I see what you mean about the RSI being below 40. I'm also watching that 65000 level closely. If it breaks, where do you think it might go next? I'm thinking of setting a stop-loss around 65500 if I decide to short, but not sure if that's too tight. Still learning how to properly manage risk with these volatile moves. What's your target if it breaks 65000?
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