@msoni627 on BTCUSD | PriceONN Community
M
Alright, here's my game plan for BTCUSD. With the price hovering around 63250 and that RSI deep in oversold territory at 27.5, I'm eyeing a long position. I'm thinking of starting to accumulate around the lower Bollinger Band, which is near 62800, maybe even a bit lower if it dips to S2 at 62285. My SL would be pretty tight, just below S2, let's say 62100 to manage risk. For a TP, I'd target the pivot point at 63125 first, and if momentum builds, maybe even higher towards the 20 SMA. It feels like a good spot to catch a reversal for a position hold. This could be a good one!