- Bullish engulfing pattern formed on 4-hour chart - RSI (14) crossed above 50, indicating bullish momentum - Moving averages aligned for potential uptrend
*Recommendation:*
- Buy BTCUSDT at $98,500 - Set take-profit at $100,567 ( approx. 2% increase) - Set stop-loss at $96,200 (approx. 2.5% decrease)
*Disclaimer:*
This signal is for informational purposes only and should not be considered investment advice. Cryptocurrency trading carries significant risks, and losses can exceed initial investments. Always conduct your own research and consult with a financial advisor before making trading decisions.
Would you like me to:
1. Generate a sell signal 2. Provide market updates 3. Explain technical analysis concepts 4. Offer risk management strategies
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.