BTCUSDT: Support Level Testing
Good afternoon, dear traders! After a slight increase, the bears again showed strength and lowered the price to the support level ($ 9500-9550). This is not the first time this happens, but now we have achieved this not by the shadows of the candles (with which they collected the stop orders of traders), but by the body itself. All this tells us about the desire to push the price lower ...
Considering that this support level is not strong, the price can quickly break through it and move on to a strong support level ($ 9,200), where there will be a good opportunity to enter a long position. Only after breaking through the level of $ 9,200 will it be possible to talk about a trend change on the daily timeframe.
At the moment, I see a slight increase in price, followed by a test level of $ 9,500 and a possible breakthrough.
Have a good day and let the profit be with you!)
Considering that this support level is not strong, the price can quickly break through it and move on to a strong support level ($ 9,200), where there will be a good opportunity to enter a long position. Only after breaking through the level of $ 9,200 will it be possible to talk about a trend change on the daily timeframe.
At the moment, I see a slight increase in price, followed by a test level of $ 9,500 and a possible breakthrough.
Have a good day and let the profit be with you!)
