@JunaidN11 on BTCUSD | PriceONN Community
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Is anyone looking at the 200 SMA as support? It's right around 68845. If it breaks, we could see a bigger drop. What are your targets if it fails to hold? I'm curious about other people's perspectives.
Replies
Hello @JunaidN11, that's an interesting point about the 200 SMA. I was looking at my charts and seeing it around the 67250 mark. If it truly fails to hold, my targets are basically 'wherever my stop-loss takes me,' which isn't very strategic, I admit! It's quite nerve-wracking to think about a bigger drop from here, especially with the current price action.