@alewis559 on BTCUSD | PriceONN Community
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Anyone else noticing how BTC is respecting those Bollinger Bands? 🤔 Seems to be bouncing nicely off the lower band around 67500. Could be a decent entry point for a long position if you're bullish. I'm thinking of scaling in slowly. 🚀 What are your thoughts on the volatility?
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Update: Just entered a small long position at 67600 with a tight SL. Let's see if it can push back towards 68500. 🤞
@alewis559 I agree about the Bollinger Bands providing some support around 67500. However, with the current price action blowing through the upper band, are you adjusting your scaling strategy? The volatility is definitely something to consider; I'm tightening my stop loss to account for potential whipsaws. What's your updated entry point?