RISKY DUE BINANCE MONITORING TAG
📊 Technical Breakdown
📉 Pattern: Falling Channel
The price has been moving inside a descending channel, which often acts as a bullish continuation or reversal pattern.
A breakout above the upper trendline of the channel has been marked as the entry point, signaling a potential reversal of the downtrend.
💵 Entry Level
Marked at: 0.0268 USDT
Entry is placed slightly above the breakout zone of the falling channel.
🛑 Stop Loss (SL)
Marked at: 0.0256 USDT
SL is positioned just below recent consolidation support and below the lower boundary of the channel.
🎯 Take Profit (TP) Targets
Target Price (USDT)
TP1 0.0313
TP2 0.0349
These zones align with previous support-turned-resistance levels from before the sharp price drop.
TP1 is a conservative level, while TP2 aims for a larger breakout recovery.
📈 RSI Analysis
RSI formed a bullish divergence with price (price made lower lows while RSI made higher lows).
RSI has crossed above the 50 level, indicating building bullish momentum.
A breakout from the RSI trendline confirms the strength behind the move.
✅ Summary: Trade Setup
Parameter Value
Entry 0.0268 USDT
Stop Loss 0.0256 USDT
Take Profit 1 0.0313 USDT
Take Profit 2 0.0349 USDT
Risk/Reward ~1:2 to 1:4
📊 Technical Breakdown
📉 Pattern: Falling Channel
The price has been moving inside a descending channel, which often acts as a bullish continuation or reversal pattern.
A breakout above the upper trendline of the channel has been marked as the entry point, signaling a potential reversal of the downtrend.
💵 Entry Level
Marked at: 0.0268 USDT
Entry is placed slightly above the breakout zone of the falling channel.
🛑 Stop Loss (SL)
Marked at: 0.0256 USDT
SL is positioned just below recent consolidation support and below the lower boundary of the channel.
🎯 Take Profit (TP) Targets
Target Price (USDT)
TP1 0.0313
TP2 0.0349
These zones align with previous support-turned-resistance levels from before the sharp price drop.
TP1 is a conservative level, while TP2 aims for a larger breakout recovery.
📈 RSI Analysis
RSI formed a bullish divergence with price (price made lower lows while RSI made higher lows).
RSI has crossed above the 50 level, indicating building bullish momentum.
A breakout from the RSI trendline confirms the strength behind the move.
✅ Summary: Trade Setup
Parameter Value
Entry 0.0268 USDT
Stop Loss 0.0256 USDT
Take Profit 1 0.0313 USDT
Take Profit 2 0.0349 USDT
Risk/Reward ~1:2 to 1:4
Trade active
Trade closed: stop reached
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.
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.