The 4-hour BTC/USDT chart shows a breakout from the downtrend, signaling a strong bullish trend.
Trading Strategy:
Entry: Buy when the price pulls back to the support area around 62,000 USDT.
Take Profit: Target 64,000 USDT or higher at 66,000 USDT.
Stop Loss: Set at 61,000 USDT.
The price may experience a slight pullback before continuing the upward momentum, so it's essential to monitor closely for the best entry.
Trading Strategy:
Entry: Buy when the price pulls back to the support area around 62,000 USDT.
Take Profit: Target 64,000 USDT or higher at 66,000 USDT.
Stop Loss: Set at 61,000 USDT.
The price may experience a slight pullback before continuing the upward momentum, so it's essential to monitor closely for the best entry.
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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.
Related publications
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.