Hello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with setting targets for the near future that we can take into account:
T1 = 25401$
T2 = 25579$
T3 = 25806$
and
T4 = 26469$
Now let's move on to the stop loss in case of further market declines:
SL1 = 25107$
SL2 = 24861$
SL3 = 24660$
and
SL4 = 24456$
Looking at the CHOP indicator, we see that the energy has been used, the MACD, despite the price increase, remains in a downward trend, while the RSI has a visible rebound, we still have room for the price to overcome the current resistance.
Let's start with setting targets for the near future that we can take into account:
T1 = 25401$
T2 = 25579$
T3 = 25806$
and
T4 = 26469$
Now let's move on to the stop loss in case of further market declines:
SL1 = 25107$
SL2 = 24861$
SL3 = 24660$
and
SL4 = 24456$
Looking at the CHOP indicator, we see that the energy has been used, the MACD, despite the price increase, remains in a downward trend, while the RSI has a visible rebound, we still have room for the price to overcome the current resistance.