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Signs of a potential bullish reversal, trading near a #critical support zone around 0.01600 within a descending channel on the #hourly chart. A decisive bounce from this level, coupled with an oversold #RSI that is primed for an upward reversal, could propel the price toward a breakout retest of the channel's upper #boundary . The trade suggests an entry near 0.01628, with progressive targets at 0.01662, 0.01700, and 0.01761, while a stop loss is placed firmly below the key green support zone to manage risk.
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Signs of a potential bullish reversal, trading near a #critical support zone around 0.01600 within a descending channel on the #hourly chart. A decisive bounce from this level, coupled with an oversold #RSI that is primed for an upward reversal, could propel the price toward a breakout retest of the channel's upper #boundary . The trade suggests an entry near 0.01628, with progressive targets at 0.01662, 0.01700, and 0.01761, while a stop loss is placed firmly below the key green support zone to manage risk.
$PORTAL
#Trade Now 📍
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