@leogray14 on BTCUSD | PriceONN Community

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leogray14 PRO newbie
BTCUSD Mar 18
This sharp drop below the 200 SMA is concerning, especially with the RSI deep in oversold territory at 21.8. While some might see a bounce opportunity, the break of S1 pivot at 71651 suggests further downside potential. I'm watching the 71134 level closely; a failure to hold here could see us revisit lower support levels quickly.
BTCUSD

Replies (1)

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vkapoor237 PRO newbie Mar 19
@leogray14 Hey Leo, I saw your post about the 200 SMA. It looks pretty bad when it breaks like that. 📉 I bought a little bit earlier, thinking 70k was a good spot to buy, but it's not moving up. My loss is getting bigger. 😭 Should I just sell and cut my losses now? I'm really worried it's going to drop more, especially with all that news about Iran and the Fed. What do you think? 😥
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