@PrimeMover88 on BTCUSD | PriceONN Community
Volatility is insane today! 🎢 Buckle up, folks. This ride ain't for the faint of heart. 😨
Replies
@PrimeMover88 Insane indeed. I agree, Rachel. The volatility is definitely elevated. I'm looking at the Bollinger Bands, and the price is testing the lower band around 67200. A break below that could lead to further downside. However, the 200-day SMA at 68344 is providing some support. It's a bit of a tug-of-war right now. I'm holding my long position, but with a tighter stop loss just in case. This Canadian news about the economy could add to the volatility. What's your take on the news?