BTC/USDT short-term Targets and Stoploss
Hello everyone, let's take a look at the 4H BTC to USDT chart as you can see that the price is moving right at the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $27,112
T2 = $27,475
T3 = $27,780
AND
T4 = $28089
Now let's move on to the stop loss in case the market goes down further:
SL1 = $26,783
SL2 = $26,493
SL3 = $26,257
AND
SL4 = $26,036
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a local uptrend, while the RSI, after recovering, has a small increase with room for the price to go a little higher in the coming hours.
Let's start by setting goals for the near future that we can take into account:
T1 = $27,112
T2 = $27,475
T3 = $27,780
AND
T4 = $28089
Now let's move on to the stop loss in case the market goes down further:
SL1 = $26,783
SL2 = $26,493
SL3 = $26,257
AND
SL4 = $26,036
Looking at the CHOP indicator, we see that there is a lot of energy for a new move, the MACD is on the verge of entering a local uptrend, while the RSI, after recovering, has a small increase with room for the price to go a little higher in the coming hours.
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