🧠 Refined Trade Setup (Long)
Entry Price: ~0.6416
Stop-Loss: ~0.6350
Take-Profit Target: ~0.6943
Risk-Reward Ratio: Approximately 1:4 – high potential reward relative to risk.
🔍 Key Technical Details
Support Level: Clear and strong support at 0.6402, marked on chart.
Multiple tests of this level suggest possible bottoming or accumulation.
Trendline (Bearish): Still intact. A break above that downward-sloping red dotted line would be a bullish signal.
📈 Indicators
RSI (Middle Panel):
Currently around 39.7, still in the bearish-neutral zone.
Not oversold, but close – suggesting some room for upside if a reversal starts.
MACD (Bottom Panel):
Histogram turning lighter green = bullish momentum weakening, possibly stalling.
Signal lines (green/red) are close together, possibly coiling for a move.
⚠️ Market Context
The setup is counter-trend (going long in a downtrend), which means extra caution is required.
A bullish break of the descending trendline would add confirmation to the setup.
Current price action shows tight consolidation above support—often a precursor to a breakout or breakdown.
✅ Bullish Signs:
Multiple support touches without breakdown.
Decent reward if the trade plays out.
Potential for trendline breakout.
❌ Bearish Risks:
RSI and MACD not clearly bullish.
No current breakout confirmation.
Could be a bear flag instead of accumulation.
Entry Price: ~0.6416
Stop-Loss: ~0.6350
Take-Profit Target: ~0.6943
Risk-Reward Ratio: Approximately 1:4 – high potential reward relative to risk.
🔍 Key Technical Details
Support Level: Clear and strong support at 0.6402, marked on chart.
Multiple tests of this level suggest possible bottoming or accumulation.
Trendline (Bearish): Still intact. A break above that downward-sloping red dotted line would be a bullish signal.
📈 Indicators
RSI (Middle Panel):
Currently around 39.7, still in the bearish-neutral zone.
Not oversold, but close – suggesting some room for upside if a reversal starts.
MACD (Bottom Panel):
Histogram turning lighter green = bullish momentum weakening, possibly stalling.
Signal lines (green/red) are close together, possibly coiling for a move.
⚠️ Market Context
The setup is counter-trend (going long in a downtrend), which means extra caution is required.
A bullish break of the descending trendline would add confirmation to the setup.
Current price action shows tight consolidation above support—often a precursor to a breakout or breakdown.
✅ Bullish Signs:
Multiple support touches without breakdown.
Decent reward if the trade plays out.
Potential for trendline breakout.
❌ Bearish Risks:
RSI and MACD not clearly bullish.
No current breakout confirmation.
Could be a bear flag instead of accumulation.
Public Signals
t.me/losarinzpublic
t.me/losarinzpublic
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Public Signals
t.me/losarinzpublic
t.me/losarinzpublic
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.