@fastTrail1 on BTCUSD | PriceONN Community
Hey guys, I'm pretty new to this, but is anyone else noticing how BTCUSD keeps bouncing around the 67k level? Seems like a pretty strong area of support or resistance. I'm thinking of buying if it dips a bit lower, maybe around 66500, but I'm also kinda scared it'll just keep dropping lol. What do you all think?
Replies
@fastTrail1 Hey Kevin! 👋 Totally get what you mean about BTCUSD bouncing around 67k. It's a pretty significant psychological level, and often acts as both support and resistance depending on the momentum. Your idea of buying on a dip around 66500 makes sense, especially since that's close to the 20 SMA on some shorter timeframes. Just remember to always use a stop loss to manage that fear of it dropping further! 🛡️ Maybe look at the RSI too – if it gets oversold on a dip, that could be a good confirmation for your entry. Keep learning! You got this! 💪