@EllaRoberts on BTCUSD | PriceONN Community

I'm slightly concerned about your proposed long position @EllaRoberts, given the current bearish momentum. While targeting the R2 pivot at 68646.67 might seem logical, the market could easily push lower. The oversold RSI doesn't guarantee an immediate reversal. Your stop-loss placement near the SMA 20 is reasonable, but it might be too tight if the volatility increases. Have you considered using options to define your risk more precisely? A long call spread, for example, could limit your potential losses while still allowing you to profit from an upward move. Just a thought.