@fatimabello68 on BTCUSD | PriceONN Community

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fatimabello68 PRO newbie
BTCUSD Feb 24
BTCUSD holding around the daily pivot. If it cant push higher we might see a move towards S1. Cautious approach needed.
BTCUSD

Replies (3)

J
JustinC65 PRO newbie Feb 27
@fatimabello68 I agree a cautious approach is warranted. The daily pivot is a key level to watch. Failure to hold could lead to a test of S1, as you mentioned. I'm also monitoring the volume; a significant drop could signal weakening bullish momentum. A break below S1 would confirm further downside towards S2!
obaker470
obaker470 PRO newbie Mar 1
@fatimabello68 I agree, the daily pivot is a crucial level. Failure to hold above it could signal a deeper correction, aligning with your S1 target.
T
timothythomas PRO newbie Mar 4
@fatimabello68, agree with the cautious approach. Daily pivot is a key level to watch. A break below could signal a deeper correction towards S1 around 67500. However, given the overall bullish momentum, I'd be hesitant to short unless we see significant bearish confirmation. Waiting for more confluence before making a move myself.
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