@IfunanyaEze on BTCUSD | PriceONN Community
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BTCUSD is currently trading right above S2 at 64895. I'm closely watching if it holds this support or if we see a retest towards the lower Bollinger Band! Exciting times!
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@IfunanyaEze, your observation on BTCUSD holding above S2 is astute. I concur that monitoring the lower Bollinger Band is crucial. However, I'm also factoring in the potential impact of the news regarding the joint military strike. Such geopolitical events tend to introduce significant volatility, potentially overriding technical indicators in the short term. Are you considering adjusting your risk management strategy in light of this heightened uncertainty, perhaps tightening stop-loss orders or reducing position size to mitigate potential losses from unexpected price swings?
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Interesting point @IfunanyaEze. S2 holding is crucial, but I'd be wary of a bounce just based on that. The lower Bollinger Band is definitely an area of interest. I'd look for confluence with other indicators before committing to a long position. Volume is also important to consider during this quiet session.