BTCUSDT Binance My short term outlook
Overall outlook: Neutral at the moment but still bearish since it is still the dominant trend
My Bottom = $5440
For short term bullish targets:
$6045 to $6120 is neutral & indecisive
A break above 6250 to 6350 zone can yield the price up to $6550.
A continuation can also push the price up to $6800 but it is where the massive rejection will be.
A stop loss buy order between $6150(riskiest) to $6340(kinda safe) looks a good position to be.
A bullish momentum with large volume that could break the $7300 barrier could make a reversal but has to retest the red trend line as a support to make the reversal valid
For bearish targets:
A break below $6040 zone can yield the price down to $5820.
If the price will not be able to bounce above $6000, it could ultimately drop to my bottom of $5440
A stop loss sell order around $6120 looks a good position to be.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
My Bottom = $5440
For short term bullish targets:
$6045 to $6120 is neutral & indecisive
A break above 6250 to 6350 zone can yield the price up to $6550.
A continuation can also push the price up to $6800 but it is where the massive rejection will be.
A stop loss buy order between $6150(riskiest) to $6340(kinda safe) looks a good position to be.
A bullish momentum with large volume that could break the $7300 barrier could make a reversal but has to retest the red trend line as a support to make the reversal valid
For bearish targets:
A break below $6040 zone can yield the price down to $5820.
If the price will not be able to bounce above $6000, it could ultimately drop to my bottom of $5440
A stop loss sell order around $6120 looks a good position to be.
**Disclaimer;
>This is still a novice work and definitely not a financial advice.
**Comments and constructive criticism will be fully appreciated so I can improve more with my TAs. Thanks for checking my work!
Disclaimer
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