đ˘đ˘ Trading Signal for Holo / TetherUS (12h Chart)
Signal Type: Bullish đ
Chart Pattern:
⢠Price has successfully broken out of the down channel, suggesting a potential shift from a bearish to a bullish trend. đ
⢠The breakout indicates momentum towards higher levels. đ
Key Levels:
⢠Immediate Support: $0.001724 (green shaded area) đ
⢠Potential Resistance Levels:
⢠First Target: $0.001957 đ
⢠Second Target: $0.002135 đ
Technical Indicators:
⢠RSI (Relative Strength Index): Currently at 63.07, indicating strong buying momentum without being overbought. đ
⢠Moving Averages: The price is moving above the moving average, indicating positive momentum. đ
Trade Setup:
⢠Entry Point: Enter at the breakout point around $0.001806 after confirming the breakout with volume. đŻ
⢠Stop Loss: Set a stop loss below the support area, around $0.001546, to manage downside risk. â ď¸
⢠Take Profit: Consider taking partial profits at the first target $0.001957 and the rest at $0.002135. đ
Risk Management:
⢠Use proper position sizing to manage risk, and monitor the trade as it progresses toward resistance levels. đ
Disclaimer:DYOR and NFA.
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