BTCUSDT likely to head towards daily resistance at 28106-28306
The price breached through 4h resistance 4HR1 after being pushed down initially on the test of this resistance from below. Now it has retested this resistance and this resistance is going to probably act as a support. And therefore, the price is going to go higher from there. This makes a conducive environment for a long trade on this pair. The target of this trade should be daily resistance DR1 which is sitting around 28106-28306.
Note
Booked some profit by offloading half the size at the touch of the daily resistance DR1. Rest I let run for now.Trade closed manually
Rest closed on losing 27706. Lets look for the next opportunity.
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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.