@sbouchard734 on BTCUSD | PriceONN Community
I'm anticipating a short-term bounce in BTCUSD. The 200 SMA is acting as a strong support around 66480. I'll be watching for confirmation with a break above the 50 SMA at 65983. A successful retest of that level could signal a move towards 67000. However, the geopolitical situation with Iran injects a lot of volatility. Trade cautiously.
Replies
Update: I'm adjusting my target slightly higher, to around 67200, based on the pivot point resistance (R2). However, I'm also tightening my stop-loss to protect profits in case the Iran situation escalates further. Remember to manage your risk! If we break below 66400, the trade is invalidated.