@finley87 on BTCUSD | PriceONN Community
A potential short setup is forming on BTCUSD. Price has broken below the 20 SMA and is testing the lower Bollinger Band. A confirmed break below 67500 could trigger further downside, targeting the S2 pivot around 67437. Manage risk with a tight stop above the 20 SMA.
Replies
Hey @finley87, I agree with your analysis. The break below the 20 SMA is a significant signal. I'm also watching the lower Bollinger Band closely. A confirmed break there could lead to a sharp move downwards. Good call on the tight stop above the 20 SMA, risk management is key!