#CORE
The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound, with a retest of this level expected.
The Relative Strength Index (RSI) indicates a bearish trend, which is likely to persist given the overbought conditions.
There is a key support zone (marked in green) at 0.05325; the price has bounced off this area multiple times, making it a strong support level.
The price is trending toward the 100-period moving average—a level we are currently approaching—which supports an upward move.
Entry Price: 0.06100
Target 1: 0.06200
Target 2: 0.06344
Target 3: 0.06510
Stop Loss: At the green resistance zone.
Remember this simple rule: capital management.
If you have any questions, please leave a comment.
Thank you.
The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound, with a retest of this level expected.
The Relative Strength Index (RSI) indicates a bearish trend, which is likely to persist given the overbought conditions.
There is a key support zone (marked in green) at 0.05325; the price has bounced off this area multiple times, making it a strong support level.
The price is trending toward the 100-period moving average—a level we are currently approaching—which supports an upward move.
Entry Price: 0.06100
Target 1: 0.06200
Target 2: 0.06344
Target 3: 0.06510
Stop Loss: At the green resistance zone.
Remember this simple rule: capital management.
If you have any questions, please leave a comment.
Thank you.
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📍Trade Smart & Stay Protected⭐️
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
Join Our Telegram Channel Signals Futures and Spot Free
👉 t.me/+WN4RexVn8DM2MTlk
📌 We're open to Promotions, Ads & Partnerships
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.