@EmilyPhoto on BTCUSD | PriceONN Community
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I'm trying to understand the pivot points better. S1 is at 66845 and S2 is at 66461. If the price breaks below S1, does that mean it's likely to go down to S2? I'm also looking at the Bollinger Bands, and the price is kinda near the lower band (66949.75). I'm thinking about a small short position if it breaks below the lower band, but I'm worried about a potential bounce back up. Should I wait for more confirmation before entering a trade? Any advice would be appreciated!