@sophiamartin on BTCUSD | PriceONN Community
Ugh, BTCUSD is testing my patience today! The volatility is insane. It's dropping like a rock, RSI is oversold, but I'm hesitant to jump in for a long position just yet. The 200 SMA at 68252 might provide some support, but I'm not convinced. This requires careful consideration!
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Update: I'm thinking of waiting for a bounce near the S2 pivot point at 67550 before considering a small long position. My risk management strategy dictates a tight stop-loss below that level, maybe around 67300. The key is to manage the risk appropriately in this volatile environment. Let's see if it unfolds!