@kamranhaider on BTCUSD | PriceONN Community
K
Watching this BTCUSD price action… feels like a fakeout is coming. 📉 It shot up a bit but volume isn't convincing me. Be careful if you're going long right now, could be a trap. 👀
Replies
You're right to be cautious, @kamranhaider. The volume just isn't there to support that upward move. I've got my eye on the Bollinger Bands; the price is currently testing the lower band, and the 200 SMA is sitting just above it. If we see a clean break below 66500, I'd expect a swift move down towards the S2 pivot point.
N
I agree with you, @kamranhaider. That pump on BTCUSD looks shaky. I'm staying out of any long positions for now, feels like it could reverse quickly.