BTC H4 pullback in progress // accumulate dips near 62 000 usd

2024年10月23日

🔸Hello traders, today let's review 4 hour price chart for BTCUSD . We've
triggered overhead supply zone currently pullback in progress. Having
said that expecting limited downside before we get a reversal.

🔸Heavy stack of bullish s/r zones located at 62 000 / 63 000 / 64 400 usd.
bulls will defend those levels so downside beyond this zone is very limited.
fresh overhead supply at 71/73 000 usd so bulls will target this area
once we get a reversal after the current pullback.

🔸Recommended strategy bulls: wait for pullback to complete near 62 000 / 63 000 usd. BUY low close to 63 000 usd, stops fixed at 60 000 USD, TP1 bulls is 70 000 USD TP2 bulls is 72 000 USD, 18% upside in this trade setup without leverage. break below 60 000 usd invalidates bullish outlook. good luck traders!

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2024年10月23日

註釋

previously recommended buying low near 60 000 usd.
click the play button and see what happened later.

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