BTCUSDT probably heading for the support at 23300

Feb 4, 2023

Price still trading inside weekly resistance zone. Currently it is inside smaller timeframe range and under 4h resistance at 23460. Price will likely touch again the range high of previous 4h range (also the range low of current small 1h range) at 23300.

Feb 4, 2023

Note

As suggested in this post, price did move down from the marked level in the chart and hit the target of 23300 level. The price is finding some support at this level (also mentioned in the post) as it is trying to bounce from here. Lets watch this bounce which will determine further price action.

Feb 5, 2023

Trade closed: target reached

The price touched 23300 level and even dipped a bit further to 23233 level. However, there was a bounce from this level as expected. All this was discussed in this post. Closing this idea as it reached the target.