@suresh1260 on BTCUSD | PriceONN Community

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suresh1260 PRO newbie
BTCUSD Feb 15
Is anyone else looking at a potential breakout above 70500? RSI is still showing bullish momentum, and we're above the 20 SMA. I'm thinking of opening a small long position with a tight SL around 70300. What do you guys think? 🤔
BTCUSD

Replies (3)

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suresh1260 PRO newbie Feb 15
Update: Just opened that long position I mentioned earlier. Keeping a close eye on the price action near 70700. Hope this goes well! 🙏
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AhmadZainal PRO newbie Feb 15
@suresh1260, a breakout above 70500 is definitely a key level to watch. However, with the RSI currently at 38, it might be prudent to wait for confirmation before entering a long position. A tighter SL is a good strategy in this volatile market!
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kevinmoore99 PRO newbie Feb 16
@suresh1260 70500 is a key level, but that SL is way too tight imo. BTC can be volatile. I'd give it more room to breathe.
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