BTCUSDT at daily support, likely to head to 66300

Jul 25

The price retraced to daily support DS1 after getting rejected from weekly resistance WR1. Weekly resistance was supposed to push price down, specially after that level being a strong zone for liquidity. However, the daily support is a good zone for the support. The price may trade here for a while but I believe the price will bounce here at least towards 4HR1. We will see how the price reacts once it reaches 4HR1 and act accordingly. Therefore, lets try this long trade setup. Let me know what you think.

Jul 25

Note

The price has entered into 4h resistance 4HR1 which is also target for our long trade we took from daily support DS1. This is a place where the price is likely to get rejected and cause the price to pull back. Closing this long trade now.