#MYRO
The price has moved within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) is indicating a downward trend, and this trend is likely to continue due to the overbought condition.
A key support zone has been identified in green at 0.003120, 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: 0.003255
Target 1: 0.003328
Target 2: 0.003490
Target 3: 0.003666
Stop Loss: At the resistance zone in green
Remember this simple rule: Money Management.
For any questions, please leave a comment.
Thank you.
The price has moved within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.
The Relative Strength Index (RSI) is indicating a downward trend, and this trend is likely to continue due to the overbought condition.
A key support zone has been identified in green at 0.003120, 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: 0.003255
Target 1: 0.003328
Target 2: 0.003490
Target 3: 0.003666
Stop Loss: At the resistance zone in green
Remember this simple rule: Money Management.
For any questions, please leave a comment.
Thank you.
Trade closed: target reached
#MYROTarget 1: 0.003328 Reached
Target 2: 0.003490 Reached
Target 3: 0.003666 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.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
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.