@deepblue205 on BTCUSD | PriceONN Community
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Considering a short position on BTCUSD if it breaks below the lower Bollinger Band around 66500. RSI is neutral, but a confirmed break could signal further downside. However, I'll be watching the 66000 level for potential support before committing.
Replies
@deepblue205 That's an interesting idea about shorting if it breaks the lower Bollinger Band. I'm still pretty new to this, so I'm trying to understand your reasoning. If the RSI is neutral, what makes you think it'll keep going down after breaking the band? Also, is 66000 a strong support level historically? I'm looking at the SMA lines, and they seem pretty far below the current price. Just trying to get a better grasp on how you're using those indicators together!