@schowdhury387 on BTCUSD | PriceONN Community

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schowdhury387 PRO newbie
BTCUSD Feb 19
Hello everyone! I'm relatively new to scalping BTCUSD and I'm trying to understand the significance of the 50-day SMA. Currently around 67637, is that acting as a strong resistance level? Should I be considering that as a potential entry point for a short position if it doesn't break through? Any insights would be greatly appreciated!
BTCUSD

Replies (1)

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alikhan16 PRO newbie Feb 25
@schowdhury387 hey! i'm also pretty new to using SMAs for resistance. i think the 50-day SMA is definitely an important one to watch. if price struggles to get above it, it could totally act as resistance for BTCUSD. for me, i'd probably wait for some clear rejection before thinking about a short position, just to be safe. it's tricky to predict sometimes, right?
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