BTCUSDT at 4h support, likely to move up to 30036
Updated
The price is currently at 4h support 4HS1. The drop from daily support (not marked on the chart but was close to area where now daily resistance DR1 is marked) was not that significant and found support around the consolidation zone during the upward move in June. It is likely to bounce here towards daily resistance DR1. Therefore, a long trade is favorable here.
Note
Close partly here to boom some profit as I see some retracement here before further upward move. I will add size again at around 29306.Note
So there was the retracement as we expected and the price reached to the support zone marked on the chart around 29306 and I have added the size there which I closed for profit before. I expect the price to bounce from here and go further up. Lets see how it goes. But with that profit, now this trade is in profit even if the price moves southward as now stop loss moved to the entry point.Note
Okay. The price retraced further more than we expected. But I think its alright. This was another level from where the price can bounce. If not in a position, this would be a good point to add. I will add some more here.
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