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angela_altair

BTCUSDT at hourly support, likely to bounce towards 71.2k

Long
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 btcusdtidea btcusdtlong btcusdttrade btcusdtanalysis
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trendanalysis chartpattern indicator btc btcusd btcusdt btcusdtperp btcusdtidea btcusdtlong btcusdttrade btcusdtanalysis
The price has hit the weekly resistance WR1 and has pulled back from there. The price has been pushed down from that resistance and it has now hit hourly support HS1 on this pullback. This support zone will provide support to the price and the price is likely to bounce enough for a long trade opportunity. We try this long trade towards weekly resistance around 71.2k area. If we lose this support then we are going likely for the daily support zone.
Comment:
The price has bounced from the support HS1 several times. I have closed this long trade. I think from here it is more likely that it will go down. I will look for the enxt trade opportunity.
snapshot

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angela_altair
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