Market Analysis 👀
June 28, 2024
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⚪️TECHNICAL (1D)
It indicates potential market movement when it rebounds from horizontal support and approaches the trendline resistance. A breakout followed by a retest of the trendline resistance suggests a bullish trend. Conversely, a rejection at the trendline resistance followed by a breakdown retest of the horizontal support indicates a bearish trend.
⚪️WRAP-UP (VIP)
It bounced off horizontal support and is nearing trendline resistance. A breakout and retest of the resistance signal a bullish trend, while a rejection and breakdown of the support indicate a bearish trend.
$BTC DAILY RANGE:
📈Upper Limit: 62389
📉Lower Limit: 60600
(+-11% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲58000
🔴SHORT
💲65000
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#btc #marketupdate #marketanalysis #binance #salmankhanwazir @Salman Khan Wazir