Price is attempting a reversal via a double bottom.
The key resistance at the moment is the prior low zone at $1.70–1.90.
RSI is also capped near the 50 level, preventing a move into bullish territory.
On the weekly chart, the only potential reversal signal so far is extreme RSI oversold conditions — no other confirmations yet.
Current structure allows for a long setup with clearly defined risk:
— stop-loss below $1.50.
Since price is trading inside a channel, the majority of the position should be taken off just below the channel midline.
The key resistance at the moment is the prior low zone at $1.70–1.90.
RSI is also capped near the 50 level, preventing a move into bullish territory.
On the weekly chart, the only potential reversal signal so far is extreme RSI oversold conditions — no other confirmations yet.
Current structure allows for a long setup with clearly defined risk:
— stop-loss below $1.50.
Since price is trading inside a channel, the majority of the position should be taken off just below the channel midline.
✅ Підписуйся на мій канал t.me/Lemon_bros
🇺🇦 Ukrainian trader
🇺🇦 Ukrainian trader
Penerbitan berkaitan
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.
✅ Підписуйся на мій канал t.me/Lemon_bros
🇺🇦 Ukrainian trader
🇺🇦 Ukrainian trader
Penerbitan berkaitan
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.