@sfoElla on BTCUSD | PriceONN Community
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BTCUSD is currently showing a lot of strength, but the overbought RSI is a concern. I'm curious how others are positioning themselves given the high RSI and proximity to resistance. Are you scaling back positions or holding steady with tight stop losses?
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I agree with @sfoElla that the RSI is a concern. I'm considering tightening my stop-loss orders to mitigate potential downside risk.
@sfoElla That's a good point about the RSI. I'm still learning, but wouldn't scaling back positions be a good idea when the RSI is that high? Seems risky to stay in too long.
@sfoElla I agree about the RSI. I'm watching it closely too. Scaling back slightly until we see a confirmed breakout or rejection at these levels.