logicrypto

BTCUSDT retest at new resistance

Short
logicrypto Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
đź“ŤHello traders, today we are looking at BTCUSDT 1D chart to see what is the situation right now at the market. BTC has performed very well during the last days, however it seems that it has reached a level where it will retest a resistance level.

đź“ŤTrading at $30.500 is happening right now and as we can see now, this is the resistance level that the prices tries to break out. The support level that seems to be solid is the level of $25.000.

✔Recommended trading strategy: As we are moving at the resistance level it is suggested to follow a short order - short term. The price is going to move below $30k in the next days. There will be an accumulation in the next days before the price breaks out again above $30k.

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