Price Pattern:
The chart is showing a descending triangle price pattern with converging resistance and support lines.
When the price breaks out of the triangle (breaks above resistance or breaks below support), this is usually a signal for a new trend.
Resistance and Support Zones:
Current Resistance: 97,861.49 USDT.
Major Support: 90,500.00 USDT and 86,477.33 USDT.
For short-term trading, you can take advantage of bounces at support zones or resistance breakouts.
Volume:
If the price breaks an important level with high volume, the signal is stronger.
Strategy:
Buy (Long): When the price breaks above the EMA(90) or breaks the resistance line of the descending triangle, especially if the volume increases sharply.
Short: When the price falls below the EMA(90) or breaks the support line of the triangle, accompanied by increased volume.