@LeoChef on BTCUSD | PriceONN Community
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BTCUSD showing bullish signals. RSI above 60, price above 20 SMA. Looking for a breakout above R1 at 68543.33. Potential long entry with a tight SL. Confirm with volume.
Replies
Interesting perspective, @LeoChef. I'm a bit hesitant to jump into a long position just yet. While the RSI is looking promising, that recent drop makes me uneasy. I'm also wondering if the volume is truly strong enough to sustain a breakout above R1. It seems like there's still a lot of uncertainty in the market. Perhaps waiting for a more definitive signal would be prudent. What sort of stop loss are you considering? I always worry about setting it too tight and getting stopped out prematurely.