NKNUSDTRISKY 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
