Look for an entry between 85,500 - 86,300 USDT once the 4H RSI shifts back upward. Price is currently testing the 200 MA as support, a potential bounce zone. The 1H RSI is upward but likely to dip slightly before aligning with the 4H timeframe for a buy signal. The dotted resistance line should be watched for confirmation.
🛑 Stop Loss:
If price breaks and closes below 85,000 USDT, cancel the trade. Suggested stop loss around 84,700 USDT to manage risk.
Wait for the 4H RSI to cross into the buy zone before executing the trade. Use the 12-hour chart for confirmation before entering. Lower timeframes (15M, 1H) can refine the entry for an optimal position.
📢 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research before making any decisions.
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Keep a close lookout for a breakout soon . Indicator on all TF looks favourable.
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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.