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#MYRIAUSDT may continue its trend after correction

#MYRIA
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary, heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone (in green) at 0.00003732, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.00003126
Target 1: 0.00003076
Target 2: 0.00003013
Target 3: 0.00002929
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you all.
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary, heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone (in green) at 0.00003732, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.00003126
Target 1: 0.00003076
Target 2: 0.00003013
Target 3: 0.00002929
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you all.
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Futures
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Spot
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.