BTCUSDT 1h time frame analysis
hi traders,
Let's have a look at BTCUSDT on 1 h time frame.
As we can see, the price reclaimed the important support. However, RSI is overbought now on 1h time frame. I don't think that it will continue the uptrend without a pull-back.
If we get a pull-back and the price retests the support, it may be a great area to enter long position.
Stop loss below the key support.
Target: 71 000 $
I don't think that the price will break the resistance shown on the chart. It's very strong resistance and it may take more time to break it so exiting your longs and entering shorts at the resistance will be justified.
Good luck
Let's have a look at BTCUSDT on 1 h time frame.
As we can see, the price reclaimed the important support. However, RSI is overbought now on 1h time frame. I don't think that it will continue the uptrend without a pull-back.
If we get a pull-back and the price retests the support, it may be a great area to enter long position.
Stop loss below the key support.
Target: 71 000 $
I don't think that the price will break the resistance shown on the chart. It's very strong resistance and it may take more time to break it so exiting your longs and entering shorts at the resistance will be justified.
Good luck
Kommentar:
Everything is going well so far. Exactly as expected.
Trade geschlossen: Ziel wurde erreicht:
Target reached. Congratulations!
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