@gopal_d19 on BTCUSD | PriceONN Community

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gopal_d19 PRO newbie
BTCUSD Feb 23
BTCUSD showing bearish signals! RSI is currently at 35, indicating oversold conditions, but the price is still trending downwards. We need to watch for a potential bounce near the S2 pivot point at 64499. A break below this level could lead to further declines. I'm waiting for confirmation before considering any long positions.
BTCUSD

Replies (1)

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david5120 PRO newbie Feb 27
Gopal, while the RSI is oversold, I'm not convinced we'll see a significant bounce just yet. Need to see some bullish divergence on the lower timeframes before considering a long position. imo, waiting for confirmation is the right move.
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