Hello everyone, let's take a look at the 1H BTC to USDT chart as we can see that the price is staying on the local uptrend line, also at the first support.
Let's start by setting goals for the near future that we can include:
T1 = $67,834
T2 = $69,089
T3 = $70,367
AND
T4 = $72,328
Now let's move on to the stop-loss in case of further market declines:
SL1 = $65,094
SL2 = $63,101
SL3 = $61,813
AND
SL4 = $60,039
Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.
Let's start by setting goals for the near future that we can include:
T1 = $67,834
T2 = $69,089
T3 = $70,367
AND
T4 = $72,328
Now let's move on to the stop-loss in case of further market declines:
SL1 = $65,094
SL2 = $63,101
SL3 = $61,813
AND
SL4 = $60,039
Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.