wow BTCUSD is really dropping today! 📉 it's like 63k now. The RSI is super low, around 30.1... does that mean it's oversold and could bounce back up? i was thinking maybe a really small buy if it hits like 62.5k, but im not sure if thats a good idea for swing trading. what do u guys think?
hmm or maybe i should just wait for a clear sign of reversal first, like it breaking above 64k or something. patience is key, right? 😅
R
RituVermaPROnewbieFeb 24
update: i just saw the bollinger band lower line is around 62587 too, which is close to my idea. but all the SMAs are above current price, so thats a lot of resistance right? maybe it'll just keep falling past 62.5k. so confusing sometimes! 😖
