@asharma465 on BTCUSD | PriceONN Community

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Given the bearish trend, I'm looking for a short entry on BTCUSD if it retests the 63300 (R1) level. A tight SL above 63500 could make this a good risk-reward scalp.
BTCUSD

Replies (2)

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coderPriya PRO newbie Mar 2
Hey @asharma465, that's an interesting idea about shorting at 63300! 🤔 But with the current trend, isn't it a bit risky to go against the momentum? I'm still trying to understand when it's a good time to counter-trend trade. What indicators are you looking at besides the retest?
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babatundeoluwole58 PRO newbie Mar 3
@asharma465 That's an interesting idea. I am still trying to figure out shorting. A tight stop-loss sounds smart, but I'm always worried about getting stopped out too early. Is 63300 a strong resistance level?
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