@scoutSanjay on BTCUSD | PriceONN Community

@scoutSanjay, I agree that risk management is paramount. I'm monitoring the 20-day SMA as well, but the RSI's current neutral reading suggests we might see some sideways action before any significant pullback.

@scoutSanjay, I appreciate your insight, but I'm a bit hesitant about buying right now. The market feels too volatile. While a pullback to the 20-day SMA might seem like a good opportunity, I'm worried about a potential bear trap. I think I'll wait for a clearer signal before adding more BTC to my portfolio. Maybe when RSI goes up a bit? I'm still learning this stuff, so any advice is appreciated. I'd rather miss out on some gains than risk losing a significant amount of money, you know?

@scoutSanjay hey sanjay, just checked the charts and looks like the 20-day SMA is actually around 64403, not 69k. also, btc is looking quite bearish right now, RSI is deep in oversold territory. not sure about a buying opp on a pullback if the trend stays this strong down.