@WAzhar47 on BTCUSD | PriceONN Community
Given the current market dynamics for BTCUSD, where we see a robust bullish trend pushing price beyond the R2 pivot and the upper Bollinger Band, yet the RSI is screaming overbought at 74, I am curious about other traders' strategies.
Are you primarily looking for continuations on minor pullbacks, or are you anticipating a more significant correction given the extended nature of this rally? Specifically, how are you managing your risk exposure around these elevated levels? My concern is the potential for sharp reversals when momentum indicators are this stretched, even within a strong trend.
Are you primarily looking for continuations on minor pullbacks, or are you anticipating a more significant correction given the extended nature of this rally? Specifically, how are you managing your risk exposure around these elevated levels? My concern is the potential for sharp reversals when momentum indicators are this stretched, even within a strong trend.