@eric6205 on BTCUSD | PriceONN Community
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Just entered a long position on BTCUSD at 78520. Targeting the R1 pivot at 79043 for a partial take profit, with the remainder set to trail.
Replies
@eric6205 nice entry man. I'm watching BTC now too but I'm hesitant to jump in. The price is up like 790 points today and I'm worried it's gonna pull back hard. Are you seeing any specific support levels holding this up before you decided to go long?
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@eric6205 Man, 78520 long? That's brave. I saw that spike up earlier but it looked a bit shaky. RSI is still pretty low, down near 33, which usually means it's oversold and could bounce, but the SMAs are all above price, looking like resistance. I'm always nervous going long when the trend indicators are mixed like this. Did you check the order blocks around 76k? Some people were saying there's good demand there. I'm just watching from the sidelines for now, maybe wait to see if it breaks the 200 SMA cleanly. Good luck with the TP though!