@ashley6769 on BTCUSD | PriceONN Community
Okay, I'm sketching out a potential trade idea for BTCUSD, but it feels quite uncertain, honestly. The price is at 68196, and I'm looking at the R1 pivot at 68636. If we get a confirmed break above R1, maybe a candle close above it on the H4 chart, I might consider a long. My TP would be around 70000, aligning with the upper Bollinger Band.
However, I'm pretty cautious. The current trend, while technically bullish, has seen some weakness today. For risk management, I'd set a tight SL just below the daily pivot, perhaps 68350. I'm also watching the RSI closely to avoid an entry right before it gets overbought. This is a tentative plan, definitely waiting for more conviction before placing an order...
However, I'm pretty cautious. The current trend, while technically bullish, has seen some weakness today. For risk management, I'd set a tight SL just below the daily pivot, perhaps 68350. I'm also watching the RSI closely to avoid an entry right before it gets overbought. This is a tentative plan, definitely waiting for more conviction before placing an order...