#OP
The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and appears poised for a rebound. A retest of this boundary is expected, supporting a potential 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 chart.
There is initial support at 0.0862.
A key support zone (marked in green) exists at 0.0800; the price has bounced off 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 potential rise.
Entry Price: 0.0965
Target 1: 0.0983
Target 2: 0.1019
Target 3: 0.1054
Stop Loss: At the green support 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 appears poised for a rebound. A retest of this boundary is expected, supporting a potential 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 chart.
There is initial support at 0.0862.
A key support zone (marked in green) exists at 0.0800; the price has bounced off 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 potential rise.
Entry Price: 0.0965
Target 1: 0.0983
Target 2: 0.1019
Target 3: 0.1054
Stop Loss: At the green support zone.
Remember this simple rule: Capital management.
If you have any questions, please leave a comment.
Thank you.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+5q-wUc9Nae8wMjRk
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+5q-wUc9Nae8wMjRk
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
