BTC approaching a downtrend line with possible decline 240
Hello traders, BTC / USDT just tested its uptrend line with a low return on issued buy volume.
This shows us the interest of buyers, the touch on its trendline is a good entry point.
But the validation of an upward recovery especially on its momentum is not in the market negotiations.
Resistance is going to be important in bulls decision making, on the breakout with volume confirming the continued bullish.
Contact with the downtrend line will check for downside resistance. .
See how the price reacts on the next resistance level.
This is not investment advice but a usage recommendation.
Thank you for taking the time to read my review.
I hope you enjoyed it.
Comment your ideas in the dedicated space in the description.
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This shows us the interest of buyers, the touch on its trendline is a good entry point.
But the validation of an upward recovery especially on its momentum is not in the market negotiations.
Resistance is going to be important in bulls decision making, on the breakout with volume confirming the continued bullish.
Contact with the downtrend line will check for downside resistance. .
See how the price reacts on the next resistance level.
This is not investment advice but a usage recommendation.
Thank you for taking the time to read my review.
I hope you enjoyed it.
Comment your ideas in the dedicated space in the description.
Please LIKE & FOLLOW, thank you!