Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving right at the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $25598
T2 = $25793
T3 = $26074
AND
T4 = $26,433
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25518
SL2 = $25366
SL3 = $25252
SL4 = $25,129
AND
SL5 = $24961
Looking at the CHOP indicator, we see that there is room to gather energy, the MACD indicates a transition into a local uptrend, while the RSI is moving around the middle of the range with room for the price to attack the current resistance.
Let's start by setting goals for the near future that we can take into account:
T1 = $25598
T2 = $25793
T3 = $26074
AND
T4 = $26,433
Now let's move on to the stop loss in case the market goes down further:
SL1 = $25518
SL2 = $25366
SL3 = $25252
SL4 = $25,129
AND
SL5 = $24961
Looking at the CHOP indicator, we see that there is room to gather energy, the MACD indicates a transition into a local uptrend, while the RSI is moving around the middle of the range with room for the price to attack the current resistance.