BYBIT:BITUSDT
1H trend chart
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BIT is going to break out the long-term downtrend line.
If price can take the line out or wait it to stand above 1.885(Fib 0.618),
we can have a great risk-reward ratio with trading strategy as below.
-
Profit Targets:
a) 1.945----Blue horizontal ray
b) 2.078----Fib(1)
c) 2.215~2.271----Fib(1.272~1.382)
d) 2.389----Fib(1.618)
Stop losses:
a) 1.797-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
1H trend chart
-
BIT is going to break out the long-term downtrend line.
If price can take the line out or wait it to stand above 1.885(Fib 0.618),
we can have a great risk-reward ratio with trading strategy as below.
-
Profit Targets:
a) 1.945----Blue horizontal ray
b) 2.078----Fib(1)
c) 2.215~2.271----Fib(1.272~1.382)
d) 2.389----Fib(1.618)
Stop losses:
a) 1.797-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
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🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: www.bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)