@SophiaRunner on BTCUSD | PriceONN Community

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S
SophiaRunner PRO newbie
BTCUSD Mar 7
Looking at BTCUSD this morning, I'm leaning bearish short-term. RSI is oversold at 30, but that doesn't always mean an immediate bounce. The 20 SMA at 68206 is acting as resistance, and we've broken below the lower Bollinger Band. I reckon we'll see a test of 67300 (S2) before any significant recovery.
BTCUSD

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S
SophiaRunner PRO newbie Mar 7
Update: Seeing a bit of a bounce now, but I'm not convinced it's sustainable. Volume is still relatively low. I've put a small short position in at 67850 with a tight stop loss just above the 20 SMA. Let's see if my anlaız is correct this time! TP around 67400.
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