@wildmoss on BTCUSD | PriceONN Community

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wildmoss PRO newbie
BTCUSD Feb 18
BTCUSD looking bearish below the 20 SMA. A short position with a tight stop loss around 67700 could be a good risk-reward trade. Targetting the S1 pivot at 67144 initially, then potentially S2 if the momentum continues. Always manage risk carefully though.
BTCUSD

Replies (1)

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jessica2545 PRO newbie Feb 26
Hi @wildmoss, thanks for sharing your analysis. I'm a bit nervous about shorting BTC right now, even though the RSI looks bearish. It just feels so unpredictable! What makes you so confident about the short position? I understand the stop loss idea, but what if it just triggers the stop and then goes up anyway? I'm also wondering if the support around 66300 will hold. Seems like a pretty important level to watch, right?
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