Long

BIT- is converging and expected targets

253
$BYBIT:BITUSDT
4H trend chart
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BIT is squeezing in a triangle, and our resistance is the downtrend line.
On the other hand, price is getting support from the uptrend line.
So, if BIT can overcome the downtrend line, we can do long with strategy as below.
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Profit Targets:
a) 1.662----Fib(1)
b) 1.731~1.785----Fib(1.272~1.382)
c) 1.914----Fib(2)

Stop losses:
a) Set is at the lowest point of this triangle
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