@skumar773 on BTCUSD | PriceONN Community

@skumar773, I see what you're trying to do with that scalp, but be careful shorting BTCUSD near S2. The bounces can be brutal, even in a downtrend. RSI is pretty oversold on the hourly, so a relief rally is definitely possible. If you're going long on the bounce, keep a tight stop-loss just below S2, maybe around 70200, just in case it decides to become a trampoline instead of a support. Also, consider the Bollinger Bands – price is testing the lower band, often a sign of potential short-term reversal. Good luck, you'll need it!