Technical analysis by WestleyOdom about Symbol BTC: Sell recommendation (7/31/2024)

Hey everyone, what are your thoughts on selling BTCUSDT today? Looking at the 4-hour chart, we're seeing a potential setup for a short position as the price approaches a robust resistance level, confluencing with the EMA 34 and EMA 89 lines. My strategy leans towards initiating a sell at this resistance, or possibly at a slightly lower price point. I've laid out my strategy and targets based on the analysis, but I'm eager to hear from you all. How do you think we should approach trading today?Trade active