@primemover21 on BTCUSD | PriceONN Community
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Is anyone else concerned about the recent drop? 🤔 BTCUSD has been quite volatile lately. I'm seeing some bearish signals on the RSI, and the price is below the 20 SMA. Could be a good time to take profits or hedge your positions. What's everyone's take on this? 🤷♂️
Replies
@primemover21 Yes! I'm also concerned. The drop is significant. The RSI bearish signals are hard to ignore, and breaking below the 20 SMA is not a good sign. I'm thinking of closing part of my long position to reduce risk. It's better to be cautious when BTCUSD is this unpredictable. Taking some profits might be a good idea before things get worse! What do you think?