📉#MarketPullback : Buy Opportunity or Caution Signal?
BTC is currently correcting to $114,017 after touching $116K. On the 15-minute timeframe, the price is still held by MA(99) — no strong breakout signal yet. RSI(6) is already overbought at 71.58, indicating potential short-term correction.
Is this the time to enter on the 'dip' or is it better to wait more patiently?
✅ My strategy: Wait for the price to break through MA(99) with high volume before taking a long position. If it fails, it might be the right time for a short position.
What are your strategies for facing this situation?