#C98
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.0342, which represents a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.0370
First target: 0.0384
Second target: 0.0397
Third target: 0.0411
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 0.0342, which represents a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 0.0370
First target: 0.0384
Second target: 0.0397
Third target: 0.0411
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
Trade closed: target reached
#C98First target: 0.0384 Reached
Second target: 0.0397 Reached
Third target: 0.0411 Reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
