@megan94 on BTCUSD | PriceONN Community

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megan94
Alright, I'm going to open a small long position here at 69950. RSI is near 50 on the D1, not oversold but not overbought either. I'm keeping my position size small, around 0.5% of my account, because of the volatility. SL just below the Bollinger Band at 69100, targeting 71000 initially. If we break that, I'll move my stop up. NFA, just sharing my plan.
BTCUSD

Replies (1)

S
sureshnair74 PRO newbie Mar 19
@megan94 I see your point with the RSI on D1, but on the H4 chart, it's already dipping into oversold territory around 30.3. Given the recent news about FTX's recovery trust distributing funds, there might be some underlying crypto liquidity returning. I'd be cautious with a long at 69950, especially with S2 pivot support at 70803.33 looking weak.
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