#BTCUSDT Technical Analysis
Current Price: $29240
The BTC chart indicates that the $29800 support level has been broken, signaling a bearish trend below this level.
Previously, there was a potential bull flag formation, but unfortunately, it broke downwards due to liquidated high leverage positions.
Short-term target: $27000 within the next few days.
Potential retest of $29800 before heading to $27000, making it a good short entry point.
Important: If you plan to open a short position, ensure to set a stop loss at $30380 for a safe zone. (Please don't consider wicks for stop loss)
Support Levels: $27200
Resistance Levels: $29800 / $31400
Remember, always exercise caution and avoid revenge trading. Make sure to place a stop loss for every trade.
Follow us for more trading signals.
Current Price: $29240
The BTC chart indicates that the $29800 support level has been broken, signaling a bearish trend below this level.
Previously, there was a potential bull flag formation, but unfortunately, it broke downwards due to liquidated high leverage positions.
Short-term target: $27000 within the next few days.
Potential retest of $29800 before heading to $27000, making it a good short entry point.
Important: If you plan to open a short position, ensure to set a stop loss at $30380 for a safe zone. (Please don't consider wicks for stop loss)
Support Levels: $27200
Resistance Levels: $29800 / $31400
Remember, always exercise caution and avoid revenge trading. Make sure to place a stop loss for every trade.
Follow us for more trading signals.
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Disclaimer
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.