#RLC
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 0.2370, and 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: 0.2620
Target 1: 0.2674
Target 2: 0.2771
Target 3: 0.2887
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 0.2370, and 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: 0.2620
Target 1: 0.2674
Target 2: 0.2771
Target 3: 0.2887
Stop Loss: At the resistance zone in green
Remember this simple rule: Money management.
Any questions? Please leave a comment.
Thank you.
Trade active
#RLC
Target 1: 0.2674 Reached
Target 2: 0.2771 Reached
Trade closed: target reached
Note
#RLC
Target 1: 0.2674 Reached
Target 2: 0.2771 Reached
Target 3: 0.2887 Reached
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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.