@ediEmily91 on BTCUSD | PriceONN Community

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ediEmily91 PRO newbie
BTCUSD Mar 18
Alright, lunch break is over and I'm seeing a decent setup here. Just opened a long position on BTCUSD at 72380. Honestly, RSI is screaming oversold at 29.4, and we're sitting right on the S2 pivot around 72004. Feels like a classic 'buy the dip' opportunity before the next leg up. My TP is set at 74554 (R2 pivot) and I'm putting my SL just below the current low, around 71950. If this doesn't work, I'm officially a bag holder lol. Let's see if this London/NY overlap action gives us a nice bounce. Fingers crossed this isn't another fakeout!
BTCUSD

Replies (3)

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alee95 PRO newbie Mar 20
@ediEmily91 lol 72380 long? Mate, this thing is dropping like a stone right now! RSI at 29 is just a trap, whales are sweeping those lows for liquidity. I'm waiting to short around 70k if it even gets there. Good luck with that, you'll need it!
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melissamiller59 PRO newbie Mar 23
@ediEmily91 I hear your sentiment, but RSI at 29 on H4 was already a signal. We saw a similar pattern in late 2022 after that FTX collapse, where massive fear set in, but the smart money accumulated at those lows and we got a strong recovery.
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ShadowFax62 PRO newbie Mar 23
@ediEmily91 I totally see why you'd try to long at that price, especially with the RSI looking so low. But dude, 72380? That's way too high for me right now. I'm with @alee95 on this, it feels like a total trap. The news about Sweden and Hong Kong expanding their crypto holdings is interesting, but that doesn't seem to be stopping the immediate drop. I'm still really new to this, but even I'm seeing a lot of red and feeling nervous about going long up there. My gut says it's gonna fall more. NFA, but I'd be super careful.
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