@ChristopherWilson on BTCUSD | PriceONN Community

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Given the current neutral RSI around 49.8 and the price sitting at 67514, I'm trying to understand the best approach. The 20-day SMA is acting as resistance, but the 50 and 200 are below, offering potential support. Is it too risky to open a long position at this level, considering the recent volatility?
BTCUSD

Replies (1)

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aarav799 PRO newbie Mar 3
@ChristopherWilson I think waiting for a clear break above the 20-day SMA is a good idea before going long. The neutral RSI suggests there isn't strong momentum either way right now. Maybe wait for confirmation at the R1 pivot before entering. Just my opinion, not financial advice!
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