@jwilson16 on BTCUSD | PriceONN Community

Considering a potential long position on BTCUSD, but cautiously. The price is currently below the 200 SMA, which could act as a significant resistance level around 68059. A break above this level, confirmed with increased volume, might signal a stronger bullish trend. My initial target would be R1 at 67937, with a stop-loss placed just below the 50 SMA around 67289 to manage risk. Need to monitor the price action closely for any signs of reversal before entering the trade. This is just a preliminary idea, and requires further analysis before execution.