#RIVER
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 1.53, 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: 2.01
First Target: 2.12
Second Target: 2.27
Third Target: 2.44
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 1.53, 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: 2.01
First Target: 2.12
Second Target: 2.27
Third Target: 2.44
Stop Loss: At the resistance zone in green
Remember this simple rule: Money Management.
Any questions, please leave a comment.
Thank you.
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Join Telegram Channel Signals Futures and Spot
👉 t.me/+WN4RexVn8DM2MTlk
👉 t.me/+WN4RexVn8DM2MTlk
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。