Looking at BTCUSD, I'm seeing a potential scalp opportunity around the 69700 level. The price is hovering near the SMA20, and RSI is neutral. If we get a clean break above 69750, I'll be looking for a quick long position, targeting 69850. SL around 69650 to manage risk.
Update: Closed the long at 69820. Small profit but that's the nature of scalping. Waiting for another setup now, possibly a short if it rejects around 69900.
J
jthomas505PROnewbieFeb 18
@james1999 That scalp sounds interesting! 69700 seems like a key level to watch. I'm still learning about scalping, but your plan seems pretty solid. What indicators do you usually use besides RSI and SMA when you're looking for quick trades? Trying to up my game a bit 😅
