@eevans868 on BTCUSD | PriceONN Community
I've opened a small short position on BTCUSD at 67850. The RSI is oversold, but the bearish trend seems strong this morning. I've set a tight stop loss at 68300, just above the 20 SMA, and a take profit at 67000. A bit nervous watching it now, given the volatility.
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Update: the price is hovering around 67750. I'm considering moving my stop loss down to 68000 to lock in some profit if it reverses. Still watching the RSI closely for any signs of a reversal.