๐ข๐ข Trading Signal for Holo / TetherUS (12h Chart)
Signal Type: Bullish ๐
Chart Pattern:
โข Price has successfully broken out of the down channel, suggesting a potential shift from a bearish to a bullish trend. ๐
โข The breakout indicates momentum towards higher levels. ๐
Key Levels:
โข Immediate Support: $0.001724 (green shaded area) ๐
โข Potential Resistance Levels:
โข First Target: $0.001957 ๐
โข Second Target: $0.002135 ๐
Technical Indicators:
โข RSI (Relative Strength Index): Currently at 63.07, indicating strong buying momentum without being overbought. ๐
โข Moving Averages: The price is moving above the moving average, indicating positive momentum. ๐
Trade Setup:
โข Entry Point: Enter at the breakout point around $0.001806 after confirming the breakout with volume. ๐ฏ
โข Stop Loss: Set a stop loss below the support area, around $0.001546, to manage downside risk. โ ๏ธ
โข Take Profit: Consider taking partial profits at the first target $0.001957 and the rest at $0.002135. ๐
Risk Management:
โข Use proper position sizing to manage risk, and monitor the trade as it progresses toward resistance levels. ๐
Disclaimer:DYOR and NFA.
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