@aMoore71 on BTCUSD | PriceONN Community
Woke up to this gap down on BTCUSD... yikes. Looks like that overnight liquidity grab was brutal. RSI is screaming oversold though, so maybe we'll see a bounce off these lower Bollinger bands soon. Gotta see if 68k holds.
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Actually, looking closer, if we can get a strong displacement candle above the 50 SMA, that could signal smart money stepping in. The institutional buying news yesterday might be playing out now, despite the short-term panic.