@MichelleH62 on BTCUSD | PriceONN Community
M
Okay, so BTCUSD is definitely showing some weakness. The drop below the 20 SMA is concerning, and the RSI is confirming the bearish momentum. 📉 I'm wondering if we'll see a test of the 65500 level soon. I'm considering opening a cash-secured put position, but I'm a bit hesitant with all the volatility. What are your thoughts on using cash-secured puts in this environment? 🤔 Any tips for managing risk with this strategy? I'm thinking of using a wide strike price to give myself some wiggle room. What delta are you guys typically targeting for these kinds of plays? Any advice is appreciated! 🙏