@davidrodriguez69 on BTCUSD | PriceONN Community

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davidrodriguez69
davidrodriguez69 PRO newbie
BTCUSD Apr 19
Watching the 200-day SMA around 74250 for BTCUSD. Looks like a liquidity grab below S2 pivot at 74637 might happen before any bounce. I've opened a small short position here at 74600, aiming for a retest of that 200 SMA. SL is just above recent highs at 75200. NFA.
BTCUSD

Replies (2)

davidrodriguez69
davidrodriguez69 PRO newbie Apr 19
Seeing that RSI is still below 35, I'm not expecting a quick reversal. The price action is favoring bears currently. If this short plays out, I'll re-evaluate for a long entry closer to 73k, potentially using that 200 SMA as support if it gets tested again.
davidrodriguez69
davidrodriguez69 PRO newbie Apr 19
If that 200 SMA doesn't hold, we could see a deeper drop towards the next Fib level. Still keeping that short open for now.
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