#LINK
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 12.26. The price has bounced from this zone multiple times and is expected to bounce again.
We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 12.43
First target: 12.67
Second target: 12.54
Third target: 12.47
Stop loss: Below the support zone in green.
Don't forget a simple thing: capital management.
For inquiries, please leave a comment.
Thank you.
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 12.26. The price has bounced from this zone multiple times and is expected to bounce again.
We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 12.43
First target: 12.67
Second target: 12.54
Third target: 12.47
Stop loss: Below the support zone in green.
Don't forget a simple thing: capital management.
For inquiries, please leave a comment.
Thank you.
📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.