@JustinWright on BTCUSD | PriceONN Community

@JustinWright, your idea of going long near the S1 pivot is interesting, but I'd be cautious given the current bearish momentum. While a bounce is possible, the overall trend seems to favor the downside. The RSI is oversold, but not yet showing strong divergence. Ensure your stop-loss is very tight, perhaps even tighter than you initially planned, and be prepared to cut losses quickly if the price breaks further below S1. Also, consider the potential for a deeper retracement towards S2 before any significant upward movement occurs. It might be worth waiting for more confirmation before entering the long position.