River / USDT
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#RIVERUSDT Descending channel ?

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#RIVER

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

A key support zone (in green) was found at 5.60. 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: 6.17
First Target: 6.31
Second Target: 6.52
Third Target: 6.77

You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
トレード終了: 利益確定目標に到達
スナップショット

#RIVER
First Target: 6.31 Reached
Second Target: 6.52 Reached
Third Target: 6.77 Reached

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