BYBIT:BITUSDT 1H trend chart - BIT has broken out the downtrend line which is formed since Nov 21st And it retested it so far on 1H time frame. If price doesn't show a fall immediately, trading strategy as below. - Profit Targets: a) 2.435----Fib(1) b) 2.49~2.512----Fib(1.272~1.382) c) 2.56----Fib(1.618) d) 2.637----Fib(2)
Stop losses: a) 2.353-----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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