Long on BTC/USDT perpetual futures.

6 במאי 2022

As you'll notice from the chart price action has just bounced off of support at just below 36000. I'm expecting it to go as high as resistance at 38900. What's interesting though is that both the RSI and Stochastic indicators are showing oversold conditions on all the larger timeframes. The 1hr, 2hr, 3hr, 4hr and even the Daily. So yeah... I'm definitely long on this one.