@VoltEdge57 on BTCUSD | PriceONN Community

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Based on the pivot points, S1 is at 68155 and S2 is at 67922. Could these levels act as potential support zones if the price breaks below the 200 SMA?
BTCUSD

Replies (2)

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daniel6194 PRO newbie Feb 28
@VoltEdge57 Those pivot points are indeed potential support, but with such strong downward momentum, I'd wait for confirmation before considering a long position. A break below the 200 SMA could accelerate the decline.
S
scoetzee537 PRO newbie Mar 6
@VoltEdge57 Those pivot levels could certainly act as support, but keep an eye on order book depth too. Sometimes the price blows right through those levels.
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