@ethan5662 on BTCUSD | PriceONN Community
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Okay, so I've been looking at BTCUSD and trying to figure out a possible trade. It's above the 20 and 50 SMAs, which seems bullish, but also under the 200 SMA. The price around 67900 is interesting. I'm thinking maybe wait for a breakout above that 200 SMA around 68100 before going long? My stop loss would be somewhere below the 50 SMA, maybe around 67300. TP... hmm, maybe targeting the next pivot resistance at 67900? Does this sound like a reasonable plan, or am I missing something obvious? Any feedback is welcome!