@michaelrunner on BTCUSD | PriceONN Community

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M
michaelrunner PRO newbie
BTCUSD Mar 6
Anyone else feeling a bit uneasy about this BTCUSD dip? It's not a major crash, but it's enough to make me double-check my positions. I'm seeing some mixed signals on the charts, and I'm curious to hear what others are thinking. Are we expecting a bounce back soon, or is this the start of something more significant?
BTCUSD

Replies (1)

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michaelrunner PRO newbie Mar 6
Güncelleme: So, about my earlier post... I'm still not entirely convinced about a major reversal. RSI is pretty neutral around 45, and we're still above the 200 SMA around 68100. I'm thinking this could be a bear trap. I might consider a small long position if we see some bullish confirmation around 71400. But I'm keeping a tight stop loss just in case. Options trading is all about managing that risk, right? Gotta protect the Dunder Mifflin bottom line!
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