Hello everyone, let's look at the 1H BTC to USDT chart, as we can see, the price remains on the local upward trend line, breaking it may result in a greater recovery.
Let's start by setting goals for the near future, which include:
T1 = $73,206
AND
T2 = $76955
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $71,350
SL2 = $70,435
SL3 = $69,812
AND
SL4 = $68993
Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.
Let's start by setting goals for the near future, which include:
T1 = $73,206
AND
T2 = $76955
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $71,350
SL2 = $70,435
SL3 = $69,812
AND
SL4 = $68993
Looking at the RSI indicator, we see that we have approached the trend line again and there is plenty of room for a rebound. However, the STOCH indicator also indicates a transition into recovery with room for a larger correction.