Okay, I'm going to be brave and try a small long position on BTCUSD at 67300! 🚀 It's oversold on the RSI, so hoping for a little bounce back up to maybe 68000? Going to set a tight stop loss just in case. Wish me luck! 🙏
@QuietDale72 Be careful going long based solely on the RSI being oversold. It can stay oversold for a while, especially with the current market conditions. Always good to have a stop loss, but make sure it's not too tight. Give your trade some room to breathe. Consider the SMA levels as well, 200 SMA is around 68600, that might act as resistance. Maybe wait for a confirmed breakout before getting too excited. Good luck, but manage your risk wisely! With the Dow futures down, there could be more downside pressure on BTCUSD.
