The price has hit the 4h support area 4HS1. I think a long is favorable here. It is a bit of risky trade so small size with small stop loss range. Target should be 29400.
Trade closed: stop reached
So this did not work in our favor. The price held for a while on that support 4HS1 but soon gave up and broke down which led to the price reaching to support 4HS3 which provided a bounce. We will check next setup for BTCUSDT in the next post.
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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.