#MYRIA
The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.
We have a trend to stabilize above the 100-period moving average again.
We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.
We have a key support zone in green that pushed the price higher at 0.0002113.
Entry price: 0.0002173
First target: 0.0002313
Second target: 0.0002444
Third target: 0.0002593
For risk management, don't forget stop-loss orders and capital management.
The stop-loss is below the support zone in green.
Upon reaching the first target, take some profits and then change the stop-loss order to an entry order.
For any questions, please comment.
Thank you.
The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.
We have a trend to stabilize above the 100-period moving average again.
We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.
We have a key support zone in green that pushed the price higher at 0.0002113.
Entry price: 0.0002173
First target: 0.0002313
Second target: 0.0002444
Third target: 0.0002593
For risk management, don't forget stop-loss orders and capital management.
The stop-loss is below the support zone in green.
Upon reaching the first target, take some profits and then change the stop-loss order to an entry order.
For any questions, please comment.
Thank you.
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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.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
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.