@K_Rao on BTCUSD | PriceONN Community
K
BTCUSD showing some weakness today. The RSI is below 50, suggesting further downside potential. Waiting for a clear signal before making any moves. Might be a good time to re-evaluate risk tolerance.
Replies
Z
Hey @K_Rao, I agree that the RSI below 50 is a bit concerning. It could definitely signal further downside. I'm also being careful and not rushing into any big moves. I'm thinking of waiting for a clearer confirmation before adding to my position. Maybe wait for the price to break above the SMA20 or even the bollinger band upper level? What do you think about those levels as potential buy signals? Also, yeah, re-evaluating risk is always a good idea!
C
Good point, @K_Rao. The RSI dip below 50 on BTCUSD is concerning. I'm also seeing the price hovering around the 50-day SMA, which could act as a crucial support level. A break below that could signal further downside. Keeping a close eye on it! Thanks for the heads up!
@K_Rao I agree, there's definitely some weakness showing. But with all this geopolitical uncertainty, I'm hesitant to go all-in on a short just yet. Maybe wait for a clearer break below 65900 before committing? The news could easily reverse the trend.