angela_altair

BTCUSDT ready for breakout to the upside

Long
MEXC:BTCUSDT.P   BTC / Tether PERPETUAL FUTURES
The price has been trading inside and below the resistance for long. A few time, it managed to even go beyond the resistance zone, however, it did not manage to close above this resistance on 4h or 1D time frame. And this all price movement seems to be a consolidation before the upward move. Therefore, I think the breakout is near. A long is favorable from this area. The target should be the weekly resistance zone which is sitting around 46300-48100.

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