(1W chart) Primary resistance: around 32259.90 Secondary resistance: around 35286.51 The key is whether we can break out of the RSI oversold zone this week.
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(BTCUSDTPERP 1D Chart) Primary resistance: around 32275.6 Secondary resistance: around 35280.2
1st support: 29840.6-30437.0 2nd support: around 28951.7
As it moved higher than 30437.0, the key was whether support was found above 30437.0.
As of June 5th, it is necessary to hold the price above 30437.0 to see if the MS-Signal indicator turns into an uptrend.
From a short-term and medium-term perspective, we should see support above 32275.6 in order to turn into a clear uptrend.
(1h chart) ** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Resistance: around 32275.6 Support: 30437.0-30971.3
You should check if there is movement based on the 31573.7-31789.2 section.
We expect a momentary spike in volume to break out of support and resistance.
So, if not, you should trade cautiously as you are expected to move sideways within the support and resistance zones.
If the breakout attempt fails again this time since the 32275.6 point was touched twice, further declines are expected.
** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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