BYBIT:BITUSDT 1H trend chart - BIT is going to break out the long-term downtrend line. If price can take the line out or wait it to stand above 1.885(Fib 0.618), we can have a great risk-reward ratio with trading strategy as below. - Profit Targets: a) 1.945----Blue horizontal ray b) 2.078----Fib(1) c) 2.215~2.271----Fib(1.272~1.382) d) 2.389----Fib(1.618)
Stop losses: a) 1.797-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see!
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