I consider a candle with a large downward shadow a good opportunity to enter a position. Preferably, if the price after such a stabbing returns to 50% of the momentum of that candle, it means that a big player accumulates a position. Of course, if we fix below this figure, the signal is canceled
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We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a green support area at 0.800
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 1.04
The first goal is...
The current support level presents a tempting opportunity.
Currently trading at $1.10, finding support on the 4-hour timeframe chart. If bulls can hold the price at or above this support level, it could signal a potential reversal and an upward trend.
If the bulls can maintain control, $1.1452 is a possible target price. This represents a potential upside of...
Mantle (MNT) is an emerging cryptocurrency that focuses on creating a robust layer-1 blockchain platform aimed at delivering high scalability, security, and interoperability. Mantle aims to streamline blockchain adoption across various industries by offering a flexible and efficient framework that supports a wide array of decentralized applications.
The current...
