🔻 Descending Channel: Price remains in a short-term downtrend but is testing strong support near the channel’s lower boundary.
🏹 Long Setup:
Entry: CURRENT MARKET MARKET
Stop Loss (SL): Below 0.066 (recent swing low)
Take Profit (TP):
TP1: 0.0001657
TP2: 0.0001989
📈 RSI Breakout: RSI is emerging from oversold territory, and trendline suggesting potential bullish momentum.
🔑 Confirmation: A 2H close above 0.070 confirms a breakout from the descending channel and strengthens the bullish case.
🏹 Long Setup:
Entry: CURRENT MARKET MARKET
Stop Loss (SL): Below 0.066 (recent swing low)
Take Profit (TP):
TP1: 0.0001657
TP2: 0.0001989
📈 RSI Breakout: RSI is emerging from oversold territory, and trendline suggesting potential bullish momentum.
🔑 Confirmation: A 2H close above 0.070 confirms a breakout from the descending channel and strengthens the bullish case.
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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.
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.