#C98
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound. A retest of this boundary is expected, supporting an upward move.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour timeframe.
An orange trend line supports an upward rebound.
There is initial support at 0.01525, acting as a primary support zone.
A key support zone (marked in green) exists at 0.01478; the price has rebounded from this area multiple times, making it a strong support level.
The price is moving toward the 100-period moving average—a level we are currently approaching—which supports a rise.
Entry Price: 0.01613
Target 1: 0.01639
Target 2: 0.01670
Target 3: 0.01708
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound. A retest of this boundary is expected, supporting an upward move.
The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour timeframe.
An orange trend line supports an upward rebound.
There is initial support at 0.01525, acting as a primary support zone.
A key support zone (marked in green) exists at 0.01478; the price has rebounded from this area multiple times, making it a strong support level.
The price is moving toward the 100-period moving average—a level we are currently approaching—which supports a rise.
Entry Price: 0.01613
Target 1: 0.01639
Target 2: 0.01670
Target 3: 0.01708
Stop Loss: At the green resistance zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
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👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.