Get started
angela_altair

BTCUSDT at resistance, likely to head down to 27066-27166

Short
BTC / Tether PERPETUAL FUTURES (MEXC:BTCUSDT.P)  
angela_altair Updated   
MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD BTCUSDT BTCUSDTPERP btcusdtshort btcusdtsell btcusdtidea btcusdtanalysis btcusdttrade
3
0
trendanalysis chartpattern indicator btc btcusd btcusdt btcusdtperp btcusdtshort btcusdtsell btcusdtidea btcusdtanalysis btcusdttrade
The previous long trade did not work out as the price fell below the support we were expecting to hold the price. Now the price has come up to test that support area which is now acting as resistance. The price may move further down to the 4h support 4HS1.
Trade closed: target reached:
The price moved further down from our entry which was at the resistance level and now it has hit the target which was around 4h support. The daily support DS1 was close to 4h support 4HS1 and the price has dipped into the daily support. This concludes this trade and it worked in our favor. I think now there is a long opportunity and I will share the setup in the next post.
snapshot

Related Ideas

angela_altair
BTCUSDT at daily support and likely to head up to 27636
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.