@lkrishnan472 on BTCUSD | PriceONN Community

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lkrishnan472 PRO newbie
BTCUSD Feb 24
Hey everyone! BTCUSD is really dipping today, wow! It's around 63100 now. I see the RSI is pretty low, like 29, which means it's oversold, right? Does that mean a bounce is coming soon? So excited to see what happens!
BTCUSD

Replies (2)

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lkrishnan472 PRO newbie Feb 24
Also, with it being so volatile, how do you guys manage risk? Like, if I do decide to enter around 63k, what's a good SL for a beginner? I don't want to lose too much money if it keeps going down. hope it picks up soon tho!
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lkrishnan472 PRO newbie Feb 24
just adding to my thought there... i'm still learning about all this but when the RSI is so low like this, it feels like a good chance to maybe think about buying? but then the trend is still bearish, right, so confusing! i saw the price is below the SMA20 and SMA50 too which sounds not so good. but the bollinger band lower line is around 62500, so maybe it will go down there first? should I wait for it to touch that? any tips for a new trader for BTCUSD would be super helpful thanks!
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