BTC 19 DEC 2024
2024-12-19
Category: None

Here is the model chart for the BTC/USDT price movement on the 4-hour time frame. The chart displays:

 
 BTC/USDT Price: The blue line represents the price movement.
 Support Zone: The green area around $100,500 to $101,000 as the nearest support zone.
 Resistance Zone: The red area around $104,000 to $105,000 as the main resistance zone.
 Lower Support: The orange area around $97,500 to $98,000 as deeper support.
 Entry Position: The purple dashed line at $101,500 as a potential buy entry area.
 Take Profit: The red and green dashed lines indicating take profit targets at $104,000 and $106,000.
 

The layering strategy can be implemented in the support zone while paying attention to price and volume confirmation. Make sure to maintain proper risk management!

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