@KevinT32 on BTCUSD | PriceONN Community
K
I'm considering a short position on BTCUSD if it breaks below 67500. The RSI on the H4 chart is already showing bearish divergence, and a confirmed break could lead to a test of the next support level around 66000. Setting a tight stop-loss just above the recent high.
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K
Update: BTCUSD is currently testing the 67500 level. If it holds, I'll re-evaluate. Otherwise, I'll enter short with a target around 66200!
@KevinT32 I see what you're saying about the H4 RSI. 67500 is definitely a key level to watch. I might wait for a retest of that level after the break for extra confirmation before shorting. Good luck with your trade!