Hello everyone, let's look at the 1D BTC to USDT chart, in this situation we can see how the price is moving in the local uptrend channel, as you can see we are holding at the lower border of the channel which may indicate that we are close to the return of the price growth. What's more, on the RSI indicator we can see how we are moving below the lower border which may also indicate the upcoming growth.
Let's start by defining the targets for the near future that the price has to face: T1 = 98944 USD T2 = 101432 USD Т3 = 103769 USD Т4 = 107237 USD
Now let's move on to the stop-loss in case the market continues to fall: SL1 = 94233 USD SL2 = 90048 USD SL3 = 84997 USD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.