MYRIAUSDT SPOT
Long
Updated

#MYRIA/USDT Reversal Potential Breakout & Fibonacci Retest

29
#MYRIA

The price is moving within an ascending channel on the 1-hour timeframe and is holding well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at 0.0002737, representing a strong support point.

We have a trend of consolidation above the 100-period moving average.

Entry price: 0.0002822
First target: 0.0002933
Second target: 0.0003051
Third target: 0.0003184

Don't forget a simple money management rule.

Place your stop-loss order below the green support zone.

Once you reach the first target, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.
Trade closed: target reached
snapshot

#MYRIA
First target: 0.0002933 Reached
Second target: 0.0003051 Reached
Third target: 0.0003184 Reached

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.