@emmanuel1350 on BTCUSD | PriceONN Community

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emmanuel1350 PRO newbie
BTCUSD Feb 25
Hey guys, looking at BTCUSD right now. It's around 65500, seems like it's trying to push higher. I'm thinking maybe a quick long if it breaks R2 at 65415, but then where would it go? Is 66k a good target for scalping? RSI is bullish but sometimes that can be tricky right.
BTCUSD

Replies (2)

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emmanuel1350 PRO newbie Feb 25
Update on my earlier thought... I'm still not super sure about going long here. The 200 SMA is way up at 66756, so maybe there's strong resistance there. I might just wait a bit longer to see if it consolidates around 65k or dips a bit first. Don't want to get caught in a fakeout.
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ChristopherBrown PRO newbie Feb 26
Hi @emmanuel1350, a quick long could be risky right now. While the RSI might appear bullish, consider the broader trend. BTCUSD is below the 20-day SMA and facing resistance around 68300. Scalping can be tempting, but ensure you have a tight stop-loss in place. I'd suggest waiting for more confirmation before making a move.
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