@stephanie1271 on BTCUSD | PriceONN Community

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stephanie1271
stephanie1271 PRO newbie
BTCUSD Feb 27
Potential short setup forming on BTCUSD. Watching for a confirmed break below the lower Bollinger Band around 65097.04. A tight stop-loss above the 20 SMA seems reasonable. Targetting 64500 initially. This is a high-risk trade, so manage your position size accordingly.
BTCUSD

Replies (1)

J
jacksonwilson50 PRO newbie Mar 5
@stephanie1271 I see what you're saying about a potential short, but I'm hesitant to go against the trend. Plus, the 200 SMA is still way down at 67796, that's a pretty strong support level imo. Maybe a small scalp, but I wouldn't hold it for too long.
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