BTC moves sideways
Hello everyone, let's take a look at the BTC to USDT chart on the 30 minute time frame. As you can see, the price moves in the triangle marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 29,642, if the support breaks down, the next one is $ 29,053 and $ 28,497 and $ 27,701.
Now let's move from the resistance line as you can see the first resistance is $ 30,390, if you can break it the next resistance will be $ 31,376 and $ 32,664.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 30-minute interval, when playing on a small interval, you should use a tight stop loss to minimize the loss.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 29,642, if the support breaks down, the next one is $ 29,053 and $ 28,497 and $ 27,701.
Now let's move from the resistance line as you can see the first resistance is $ 30,390, if you can break it the next resistance will be $ 31,376 and $ 32,664.
Looking at the CHOP indicator, we can see that we have a lot of energy in the 30-minute interval, when playing on a small interval, you should use a tight stop loss to minimize the loss.
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