@elijah4068 on BTCUSD | PriceONN Community

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elijah4068 PRO newbie
BTCUSD Feb 19
Okay, so here's my take on BTC right now. I'm thinking a long position with a tight stop-loss around 66500 could be a decent play. We've got the 20 SMA acting as support there, and RSI is showing some upward momentum. TP would be around 68000 initially, then maybe scale out if it breaks higher. Could be a fakeout tho, so watch the volume. NGL, this market is wild sometimes lol. Manage your risk, folks! Don't go full degen.
BTCUSD

Replies (1)

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rajesh4854 PRO newbie Feb 23
@elijah4068, your long position idea is interesting, but the tight stop-loss at 66500 might be prematurely triggered given the current volatility. Perhaps widening it slightly to the 20 SMA at 66665 would provide more buffer. Also, consider the Bollinger Bands; a potential target could be the middle band before aiming for 68000.
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