@arthurevans75 on BTCUSD | PriceONN Community

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Initiating a short position on BTCUSD at 67850. The RSI(14) is currently at 33.6, indicating oversold conditions, but the prevailing bearish trend suggests further downside. Targeting 67000 as the initial take-profit level, with a stop-loss placed at 68200 to manage risk. Monitoring price action closely for confirmation of the downward momentum.
BTCUSD

Replies (1)

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arthurevans75 PRO newbie Mar 7
Update: BTCUSD is currently testing the Bollinger Band lower boundary around 67690.94. A decisive break below this level could accelerate the move towards the target. Considering tightening the stop-loss to 68050 to further reduce potential losses. Will reassess if the price consolidates around the 67500 level; a potential bounce could invalidate the short.
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