🚨 Important Signal Alert 🚨
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On the 4-hour chart, the ORN/USDT pair is forming a descending channel pattern. The EMA ribbon's red line is trending downwards, emphasizing the current bearish trend. However, there's a bullish divergence on the Relative Strength Index (RSI), indicating weakening momentum behind the decline. This divergence often precedes a potential price reversal. Additionally, the RSI shows that ORN/USDT recently broke out of a key support line, further supporting a bullish outlook. These technical indicators suggest a possible upward movement for ORN/USDT.
Trade Details:
- Entry: 1.5865 or Market Price
- Signal Type: Long
Targets:
1. 1st TP: 1.8080
2. 2nd TP: 2.0000
3. 3rd TP: 2.1000
4. 4th TP: 2.2500
Stop Loss: 1.3320
Leverage: 5x - 10x
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