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User-sanzee
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you gon be a millionaire soon wait for the pump
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This is a 4-hour chart of the FTM/USDT pair on Binance. It shows: 1. Rounded Top Formation:vPrice formed a rounded top, indicating a potential reversal or weakening of bullish momentum. 2. Support Levels: Horizontal white lines highlight key support zones where price recently reacted. 3. Current Range: The price is consolidating within a rectangle zone, suggesting indecision in the market. 4. RSI (Relative Strength Index): At 46.28, the RSI indicates neutral momentum, neither overbought nor oversold. Price action suggests that a breakout above the consolidation zone could signal bullish movement, while a breakdown may lead to further downside.
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USE Rsi (RELATIVE STRENGTH INDEX ) for Breakout confirmation and never fail. #LearnTogether #learntechnicals 1️⃣ **Identify Resistance or Support**: - Suppose BTC is trading near a **resistance** at $30,000. - RSI is at 48, indicating neutral to weak momentum. 2️⃣**Wait for Breakout**: - If BTC **breaks above $30,000** and RSI moves **above 50**, it confirms bullish momentum 📈. - Enter a **long position** as the breakout is likely to sustain. 3️⃣ **For Support Breakout**: - Suppose BTC has **support at $25,000**. - If BTC **falls below $25,000** and RSI drops **below 50**, it confirms bearish momentum 📉. - Enter a **short position** as the downward breakout strengthens. ### Example: - BTC breaks resistance at **$30,000**, RSI spikes to **56** ➡️ bullish breakout confirmed ✅. - BTC drops below **$25,000**, RSI falls to **45** ➡️ bearish breakout confirmed ❌. Always use stop-loss to manage risks! 🚨
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