PINE_LABS

PINE_LABS

Price Reaction: If the price bounces off the marked support area, we can expect it to rise towards the upper range of the linear regression channel, reaching levels between $235 and $245 in the medium term. Precautions: It is important to monitor the price behavior in the support zone ($215 - $220). A break below this level could invalidate the bullish scenario...

PINE_LABS

Suggested Short Entry Point: The chart indicates a recommended short entry point around 1.28671. The risk/reward ratio is favorable at 3.65, suggesting that for each unit of risk, a gain of 3.65 units is expected. Minor Pullbacks: It is advised to consider entries on minor pullbacks. This means waiting for a small upward price movement before continuing the...

PINE_LABS

High probability that the price will reach the target of 66,148 USDT in the next few hours. Consider entries on minor pullbacks with a tight stop loss above 68,000 USDT. Targets in the range of $66,148-65,244.

PINE_LABS

Let's keep an eye on the BTCUSTD.P level at $57,294-58,230. If this level is broken to the upside, we can expect a rise at least to the resistance of the channel at $60,147 to $60,500. On the other hand, if the $56,354 level is lost and the candle closes below it, we can expect a drop to the level of $54,877 to $52,225. (30min)

PINE_LABS

"We remain watchful in case the current candle breaks our bullish channel, but overall the trend continues upwards =)"

PINE_LABS

Pay attention to the movement of BTC, it has broken an important level:

PINE_LABS

it's reaching key levels. On the 3-day timeframe, it's about to reach the 0% Fibonacci level, and on the weekly timeframe, it's just above it, but there's still some way to go before its closure. "3D":