Time Frame: 4H
Symbol: BTCUSDT
Entry : 42.482.14
TP : 47493.33
SL : 38671.78
Bias : Long
An objective analysis of the current chart reveals that the instrument will go upward creating a room for a long entry. We predicted last week that the pair will go up and yes, it is upper now . However, we must look at the bigger picture. For the short term trade, a long signal may give an edge but in the long term, a sideway market is noticeable .
Considering the market dynamics and the dynamic support and resistance levels of different time frames ,we are convinced that a bullish pressure still persists and therefore we are going for a long trade . We have plotted a projection in the chart. The projection can be helpful for active trading.
Symbol: BTCUSDT
Entry : 42.482.14
TP : 47493.33
SL : 38671.78
Bias : Long
An objective analysis of the current chart reveals that the instrument will go upward creating a room for a long entry. We predicted last week that the pair will go up and yes, it is upper now . However, we must look at the bigger picture. For the short term trade, a long signal may give an edge but in the long term, a sideway market is noticeable .
Considering the market dynamics and the dynamic support and resistance levels of different time frames ,we are convinced that a bullish pressure still persists and therefore we are going for a long trade . We have plotted a projection in the chart. The projection can be helpful for active trading.