BTCUSDT has been trading in a new range after breaking up from the previous range. Now it has formed a new support zone 4HS1 which is a good level to long from. I believe this time price will break the range high resistance 4HR1 and proceed towards 4h resistance 4HR2. Therefore a long is favorable here towards 31136-31236 zone.
Note
The price dipped below my stop loss, however, the idea still remained valid. The price finally reached the target of 4h resistance zone 4HR2 at 31184. Now its rejected from there on this attempt. However, the price may make soon another attempt.
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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.