PavelBodo

BTCUSDT 4H - need to test resistance

Long
BITMEX:XBT   Bitcoin

Interesting buying area 9150 - 9050
Because we are near support.
We have oversold on rsi, which may indicate that locally we are waiting for a resistance retest in the zone 9450-9550.
Where we will see either consolidation and a hike higher, or the continuation of the fall at 8700.
Yes, a possible option is to leave the current down, but I think we can see some short squeeze)


This is just my opinion, and is not a call to action)
Looks good? Leave a like, share and leave a comment.
Thanks for visiting.

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.