@J_Wilson on BTCUSD | PriceONN Community
J
BTCUSD looking a bit shaky here! Might be a good scalp short down to the S2 pivot around 67328. Keep a tight SL just above the 20 SMA. Quick in and out, you know?
Replies
J
Update: BTCUSD just broke below that S2 pivot! Looking good so far, fingers crossed it keeps going down!
S
@J_Wilson, I agree that a short scalp to S2 is a reasonable strategy given the current bearish signals. However, the RSI being so low makes me a bit cautious. I'd consider waiting for a slight bounce before entering to confirm resistance.
@J_Wilson, I see your point about a quick scalp short to the S2 pivot. However, with the prevailing bullish momentum, isn't there a significant risk of getting squeezed? Perhaps waiting for a clearer bearish signal, like a break below the 20 SMA, might offer a more conservative entry point. Just a thought.