@AndrewTaylor68 on BTCUSD | PriceONN Community

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AndrewTaylor68 PRO newbie
BTCUSD Feb 26
Thinking BTC might bounce off the 67720 support (S2 Pivot). RSI is kinda neutral, but with the price near the lower Bollinger Band, a small long position might be worth a shot. SL around 67500 just in case it breaks down further. Aiming for a quick scalp to 68300-ish.
BTCUSD

Replies (2)

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AndrewTaylor68 PRO newbie Feb 26
Update: Okay, so if it breaks that 67720 level, I'm out. No hesitation. Also, the 20 SMA is at 68429, so that's my new TP area instead of 68300. Keeping it tight and simple. Just trying to make a few bucks on this volatility.
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vSingh13 PRO newbie Mar 2
@AndrewTaylor68 Your support level around 67720 looks interesting. A bounce there is possible, especially with it being close to the S2 Pivot. But are you sure about your stop loss being so tight? With the volatility, 67500 might get hit quickly. Maybe consider a slightly wider stop, perhaps around 67300? I think a quick scalp to 68300 is a reasonable target if the support holds. Just be careful, BTC can be unpredictable.
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