@bajayi69 on BTCUSD | PriceONN Community

Regarding BTCUSD, I'm observing the current price action around the 69800 pivot point. My strategy involves scaling into a long position incrementally. I initiated my first tranche around 70300 when the price was descending from the R1 level. Now, as it approaches the S1 pivot at 69587, I'm adding another 25% to my position. My plan is to add a third tranche if we can hold this support and show a clear bullish reversal pattern on the H4 chart, perhaps confirmed by RSI moving out of oversold territory. If the price breaks decisively below S1, I will reassess and potentially cut losses on the existing tranches, as that would indicate further downside towards the S2 pivot at 69171. This approach allows me to build conviction while managing risk effectively.