@manishmishra63 on BTCUSD | PriceONN Community
Looking at BTCUSD, I'm seeing a potential short opportunity. The price is below the 20 and 50 SMAs. 🤔 RSI is also below 50. If it breaks the S1 pivot around 66845, might be a good entry point. Setting a tight SL just above the 20 SMA to manage risk. 🐻📉
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Update: BTCUSD is testing the S1 level now... 👀 If it holds, I'll wait for confirmation before entering the short. Also, considering the Bollinger Bands – the price is near the lower band, so a bounce is possible. Gotta be careful and manage risk. 🤓