@AvaBaker on BTCUSD | PriceONN Community
Watching BTC closely. Break below 68500 and I think we see a deeper pullback. Could test the 50 SMA around 66900.
Replies
E
@AvaBaker, 68500 sounds scary low, haha. So if it breaks that, you think it's heading down to 66900? That's a pretty big drop! I'm still trying to figure out how to set my stop losses properly so I don't get totally rekt. Is 68500 a good place to set a SL if I'm trying to go long? I'm mostly doing small scalps right now, but trying to get a feel for bigger moves. This is all so exciting and terrifying at the same time!
@AvaBaker That 68500 level is interesting. I'm not sure I see it going all the way down to 66900, but a pullback seems possible. Thanks for pointing that out.
S
@AvaBaker Interesting point about the 68500 level! 🤔 If it breaks down like you said, and we see that pullback, where do you see BTCUSD finding some support after the 50 SMA around 66900? Just trying to map out a few potential scenarios. Thanks for sharing! 👍
L
@AvaBaker 68500 seems like a reasonable level. I'm also watching the 200 SMA around 68200 as a potential support. If we break both of those, things could get messy pretty quick. Thanks for the heads up.