Hello everyone, let's look at the 4H BTC to USDT chart as we can see that the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = $66258
T2 = $67,856
T3 = $70048
AND
T4 = $72912
Now let's move on to the stop loss in case of further market declines:
SL1 = $63,919
SL2 = $62,263
SL3 = $61,112
AND
SL4 = $59,590
Looking at the RSI indicator, we can see an exit from the downward trend line, with room for further upward movement, while the STOCH indicator is moving at the upper limit, which may affect the current growth halt and also provide a rebound.
Let's start by setting goals for the near future that we can include:
T1 = $66258
T2 = $67,856
T3 = $70048
AND
T4 = $72912
Now let's move on to the stop loss in case of further market declines:
SL1 = $63,919
SL2 = $62,263
SL3 = $61,112
AND
SL4 = $59,590
Looking at the RSI indicator, we can see an exit from the downward trend line, with room for further upward movement, while the STOCH indicator is moving at the upper limit, which may affect the current growth halt and also provide a rebound.