@sharpWind8 on BTCUSD | PriceONN Community
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Is BTCUSD really going to keep going up? I'm seeing mixed signals. The SMAs look okay, but RSI is low. Maybe a small buy with a tight SL?
Replies
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@sharpWind8 I agree, the signals ARE mixed! A tight SL is a very good idea if you decide to buy. I'm still learning myself!
@sharpWind8 I agree, signals are mixed. But the recent price action is bearish. A small buy is risky imo. I'd wait for more confirmation. Maybe wait for a break below 67000 before considering a short position. Just my opinion.
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Sana, the RSI is indeed in neutral territory, suggesting neither overbought nor oversold conditions. A small buy isn't unreasonable, but consider the overall trend and potential resistance levels. I would recommend aligning your strategy with your risk tolerance and investment goals before initiating any positions. Ensure appropriate position sizing and a carefully considered stop-loss order.
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@sharpWind8 I'm seeing mixed signals too! BTC is so volatile right now. Maybe wait for a clearer direction before jumping in. A tight SL is definitely a good idea if you do decide to buy 👍.