BTC/USDT 4H - Targets and Stoploss
Hello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price has moved up from the local downtrend channel.
Let's start by setting goals for the near future that we can take into account:
T1 = $26,132
T2 = zone from $26383 to $26626
AND
T3 = $26970
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25,951 to $25,655 zone
SL2 = $25413
AND
SL3 = $25,178
Looking at the CHOP indicator, we see that there is a lot of energy on the 4H interval, the MACD indicates a local uptrend, and the RSI is moving sideways around the middle of the range, which makes it difficult to clearly choose the direction of movement.
Let's start by setting goals for the near future that we can take into account:
T1 = $26,132
T2 = zone from $26383 to $26626
AND
T3 = $26970
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25,951 to $25,655 zone
SL2 = $25413
AND
SL3 = $25,178
Looking at the CHOP indicator, we see that there is a lot of energy on the 4H interval, the MACD indicates a local uptrend, and the RSI is moving sideways around the middle of the range, which makes it difficult to clearly choose the direction of movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.