Sharing my recent trading operation on Binance Square. Today I executed a long position (buy) on the BTC/USDT pair at an entry price of $26,500. My technical analysis was based on the formation of a double bottom pattern on the 4-hour chart, accompanied by a bullish divergence in the RSI indicator. Additionally, the volume began to increase in the confirmation candle, which gave me more confidence in the potential reversal of the short-term downtrend.
I set my stop-loss slightly below the second bottom's low, around $26,400, to limit losses in case my analysis was incorrect. My initial take-profit was positioned near the next significant resistance level, at $26,850.
This trade reflects my strategy of combining chart pattern analysis with momentum indicators to identify potential favorable entry points. I am closely monitoring the price action and volume to adjust my strategy if necessary. I hope to see this trade develop positively! #TradingBinance #BTCUSDT #AnálisisTécnico