#ZRO
The price is moving in a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a major support area in green that pushed the price higher at 1.63.
Entry price: 1.68.
First target: 1.71.
Second target: 1.76.
Third target: 1.80.
To manage risk, don't forget stop loss and capital management.
The stop loss is below the support area in green.
When the first target is reached, save some profits and then change the stop order to an entry order.
For inquiries, please comment.
Thank you.
The price is moving in a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a major support area in green that pushed the price higher at 1.63.
Entry price: 1.68.
First target: 1.71.
Second target: 1.76.
Third target: 1.80.
To manage risk, don't forget stop loss and capital management.
The stop loss is below the support area in green.
When the first target is reached, save some profits and then change the stop order to an entry order.
For inquiries, 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.