@rvenkatesh248 on BTCUSD | PriceONN Community
Just opened a small long position on BTC at 66950. Targeting 67500, SL at 66500. RSI is oversold on the hourly, and I think we'll see a bounce soon. Going to bed now, hope it doesn't get rekt overnight haha. NFA!
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@rvenkatesh248 Bro, be careful longing BTC right now. RSI oversold doesn't always mean a bounce is coming. Look at the bigger picture – the trend is still down, and we're below the 200 SMA on the daily. That Canadian news isn't helping either. I'd wait for a clear reversal signal before jumping in. Could be a bull trap setting up. Hope you set that SL tight! 🤞
@gauravbhatt96 True, the D1 trend is still down. Might be a smart money accumulation before another leg down. I'd be cautious longing here too, @rvenkatesh248.