BTCUSDT
In this analysis you can see claerly price drop from its resitance level 48100$ and came back to its support of trend line now if price bounch than we see again in 46 to 47 level and than if break its strong resitance next targer is 50k and higher but some more thing for bears is if price break the trendline than we see a deep correction also we see bearish divergence in rsi indicatior. and we see btc price at 43 to 40k$ and 40k$ strong support bulls fully try to defend this suppport. now move on the trading setup you can long here and your sl below this trend line and target is 46 and 47k$. on the other hand if price break its trend line you can open short postion and your sl above trend line and resistance and your profit targer is 42k to 40k$. good luck always follow money management rule. the trading club.
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.