#MYX
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 level is expected.
The Relative Strength Index (RSI) indicates a bearish trend, which is likely to persist given the overbought conditions.
There is a key support zone (marked in green) at 0.06237; the price has bounced off this area multiple times, making it a strong support level.
The price is trending toward the 100-period moving average, which is within close reach; this supports an upward move.
Entry Price: 0.06912
Target 1: 0.06993
Target 2: 0.07121
Target 3: 0.07295
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 level is expected.
The Relative Strength Index (RSI) indicates a bearish trend, which is likely to persist given the overbought conditions.
There is a key support zone (marked in green) at 0.06237; the price has bounced off this area multiple times, making it a strong support level.
The price is trending toward the 100-period moving average, which is within close reach; this supports an upward move.
Entry Price: 0.06912
Target 1: 0.06993
Target 2: 0.07121
Target 3: 0.07295
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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Join Our Telegram Channel Signals Futures and Spot Free
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📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.