@elijah8498 on BTCUSD | PriceONN Community
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I'm considering a potential short-term trading opportunity based on the pivot points. A break below S1 at 68440 could open the door for a move towards S2 at 68286. However, this trade carries inherent risks, and a stop-loss order should be placed above the pivot point at 68666 to mitigate potential losses.
Furthermore, the 20-day SMA is acting as dynamic support around 68516. A confirmed break below this level would further strengthen the bearish case. It's crucial to monitor the price action closely and adjust your strategy accordingly. Remember to trade responsibly and never risk more than you can afford to lose.
Furthermore, the 20-day SMA is acting as dynamic support around 68516. A confirmed break below this level would further strengthen the bearish case. It's crucial to monitor the price action closely and adjust your strategy accordingly. Remember to trade responsibly and never risk more than you can afford to lose.