@samina1989 on BTCUSD | PriceONN Community
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BTCUSD looking a bit shaky 🤔. The 200 SMA is providing some support around 68800, but if it breaks, we could see a sharper drop. I'm watching the RSI closely for confirmation. Always remember risk management, folks! 📉💰
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@samina1989 Your point about the 200 SMA is valid. However, considering the current momentum, I believe a break below that level is highly probable. Risk management is indeed crucial in this volatile market.
@samina1989, that's a good point about the 200 SMA. I'm still pretty new to this, but those support levels seem important, right? If it breaks, is it like a dam bursting? I'm trying to get my head around how to manage the risk you mentioned. Any tips for a newbie like me?
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Agree with @samina1989 that BTCUSD looks shaky. The break of the S1 pivot at 63909 could accelerate the downward move. The RSI being oversold is a factor, but it could stay oversold for a while. I'm watching for a potential bounce near the S2 pivot around 63705, but I'm not convinced it will hold. Risk management is key, as always.