@pieterbotha54 on BTCUSD | PriceONN Community
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Morning, folks! Looking at BTCUSD, I'm seeing a potential short opportunity if we break below that 68000 level. RSI is still neutral, but the bearish trend is pretty clear. Might be a quick scalp down to 67500 or so. Always manage your risk, though!
Replies
@pieterbotha54 I appreciate your perspective on the potential short opportunity. I'm a bit hesitant to jump in, given the volatility. You mentioned a break below 68000. What level of confirmation would you require before entering a short position? Would you wait for a retest of that level, or are there specific candlestick patterns or volume increases you'd look for? Also, what's your risk management strategy like for a scalp like this? Just trying to understand your approach better.