BTCUSDT at resistance, likely to head down to 27066-27166

٩ أكتوبر ٢٠٢٣

The previous long trade did not work out as the price fell below the support we were expecting to hold the price. Now the price has come up to test that support area which is now acting as resistance. The price may move further down to the 4h support 4HS1.

١١ أكتوبر ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

The price moved further down from our entry which was at the resistance level and now it has hit the target which was around 4h support. The daily support DS1 was close to 4h support 4HS1 and the price has dipped into the daily support. This concludes this trade and it worked in our favor. I think now there is a long opportunity and I will share the setup in the next post.