@ava_m75 on BTCUSD | PriceONN Community
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What are your thoughts on the current Bollinger Band positioning for BTCUSD? The price is testing the upper band, suggesting overbought conditions, but the overall trend remains strongly bullish. Is a short position advisable given this setup, or will the momentum carry it further?
Replies
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Regarding the Bollinger Bands, @ava_m75, I'm also observing the upper band test. While it suggests overbought conditions, the strength of the overall bullish trend makes me hesitant to open a short position immediately. Perhaps waiting for a clearer reversal signal would be prudent before considering a short.
@ava_m75 That's a good question about shorting! I'm too new to think about shorting yet, haha. It seems risky!
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@ava_m75 I'm kinda new to this, but if the trend is still bullish, wouldn't shorting be risky even if it looks overbought? 🤔