BTCUSDT likely to head up to 27636

Long

BTCUSDT Perpetual Contract (BYBIT:BTCUSDT.P)

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BYBIT:BTCUSDT.P BTCUSDT Perpetual Contract

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We talked about the price claiming the support zone which was the target of our short trade. I am expecting the price to claim this range and move higher towards the 4h resistance zone around 27636.

Commentaire:

The price moved up from the entry and went up almost 2% and came down again. I am still in the trade but on this one forgot to book the profit by offloading half the size when price reached the support turned resistance zone around 27196.

Commentaire:

So this time closed half the size on the visit of 4h support turned resistance level.

Commentaire:

So got stopped out overnight on the half position size. That's why profit taking on the way helps and keeps the overall trade in profit. The price bounce strongly after dipping below the stop. The price is again at the 4h support turned resistance zone and facing some trouble there. However, I think this time it will be able to cross it and reach the target of the trade. I will see where can I join this again. I will post in case I see the setup.

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