BTCUSD looking a little oversold on the RSI right now, but the trend is still bearish. 🤔 I'm thinking a covered call strategy might be good here. Sell calls above the 20 SMA to generate some income while waiting for a potential bounce. Anyone else playing covered calls?
Covered calls, interesting! @MichelleH62 I haven't tried that strategy yet. Sounds a bit complicated tbh, but I can see how it could generate some income. Will have to look into it more.
