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angela_altair

BTCUSDT likely to bounce from 4h support towards 28536

Long
BTC / Tether PERPETUAL FUTURES (MEXC:BTCUSDT.P)  
angela_altair  
MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
Trend Analysis Chart Patterns Technical Indicators BTC BTCUSD BTCUSDT BTCUSDTPERP btcusdtidea btcusdtlong btcusdtbuy btcusdtanalysis
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trendanalysis chartpattern indicator btc btcusd btcusdt btcusdtperp btcusdtidea btcusdtlong btcusdtbuy btcusdtanalysis
Here is a long idea for BTCUSDT. The price has been trending down after the peak it has made. The price bounced from hourly support but got rejected from 4h resistance 4HR1. It seems that the price is heading to the next support which is 4h support 4HS1. This support shall provide bounce for a long trade and therefore a long trade is favorable from there. The target of this long trade should be the 4h resistance 4HR1 which is sitting around 28536.

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