Long
#ICXUSDT
#ICX
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 0.02350. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 0.02474
Target 1: 0.02511
Target 2: 0.02551
Target 3: 0.02597
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
There is a key support zone (in green) at 0.02350. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 0.02474
Target 1: 0.02511
Target 2: 0.02551
Target 3: 0.02597
Stop Loss: At the resistance zone (in green)
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
Trade active
#ICX
Target 1: 0.02511 Reached
Target 2: 0.02551 Reached
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Join Telegram Channel Signals Futures and Spot
👉t.me/CryptoSignalFuturesSpot
👉t.me/CryptoSignalFuturesSpot
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.