📌 Market Overview:
The price has been in a downtrend, forming a descending channel.
Currently trading near 0.03135, with 0.03718 acting as a key resistance.
A bullish breakout from the descending channel appears to be forming.
RSI breakout above trendline resistance suggests increasing bullish momentum.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.03135
🎯 Take Profit Targets:
First Target (Resistance Level): 0.03718
Second Target: 0.042 - 0.045 (Next key resistance)
Final Target (Long-term Potential): 0.050+
🔻 Stop-Loss:
Below 0.029, as a drop below this level invalidates the bullish setup.
The price has been in a downtrend, forming a descending channel.
Currently trading near 0.03135, with 0.03718 acting as a key resistance.
A bullish breakout from the descending channel appears to be forming.
RSI breakout above trendline resistance suggests increasing bullish momentum.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.03135
🎯 Take Profit Targets:
First Target (Resistance Level): 0.03718
Second Target: 0.042 - 0.045 (Next key resistance)
Final Target (Long-term Potential): 0.050+
🔻 Stop-Loss:
Below 0.029, as a drop below this level invalidates the bullish setup.
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.
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.