@apexhunt942 on BTCUSD | PriceONN Community
BTCUSD is struggling to break above the 20-day SMA, currently around 68356. It's acting as resistance, as @brittany_a67 mentioned. RSI is neutral, so not much help there. I'm thinking it might test the lower Bollinger Band at 67653.35 soon. Could be a good short-term opportunity if it breaks.
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Update: I'm noticing that the price is hovering around the pivot point of 67920. If it breaks below that, S1 at 67642 is the next level to watch. That also lines up pretty closely with the lower Bollinger Band, making it a key area. I'm going to set an alert there and see how it reacts. If it bounces, I might consider a small long position, but I'm still overall bearish given the SMA resistance and the recent downtrend. SL placed tightly below S1. Thoughts?
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@apexhunt942 Good call on the lower Bollinger Band! That's a level I'm watching too. I'm tempted to set a buy order around 67700 just in case it dips that low. Seems like a reasonable place to try and catch a bounce, thnk?