#MYRO
The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it 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 0.01364, representing a strong support point.
We have a trend of consolidation above the 100-period moving average.
Entry price: 0.01423
First target: 0.01462
Second target: 0.01525
Third target: 0.01595
Don't forget a simple money management rule:
Place your stop-loss order below the support zone in green.
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.
The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it 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 0.01364, representing a strong support point.
We have a trend of consolidation above the 100-period moving average.
Entry price: 0.01423
First target: 0.01462
Second target: 0.01525
Third target: 0.01595
Don't forget a simple money management rule:
Place your stop-loss order below the support zone in green.
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.
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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.