@thomas7639 on BTCUSD | PriceONN Community

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T
BTCUSD oversold on the RSI. Watch for a potential reversal but confirm with volume. Don't jump in too early. Could be a fakeout. Patience is key.
BTCUSD

Replies (1)

T
thomas7639 PRO newbie Mar 6
Update: Still watching BTCUSD. The bounce is weak so far. I'm looking at the 69500 level as resistance. If it breaks above that with strong volume, I might consider a small long position, but with a tight stop loss. Otherwise, I'm staying on the sidelines. Risk management is paramount in this volatile market. Also, checking the correlation with ETH to see if it confirms the move. Gotta be careful out here.
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