🪙 $H
🟢 LONG | 1H
🟢 Entry: 0.07712 — 0.07750
🛑 Stop: 0.07650
🟢 TP1: 0.07977
🟢 TP2: 0.08027
🟢 TP3: 0.08205
📉 RSI at 26.69 indicates oversold conditions near the 25 threshold, with price resting on the lower Bollinger Band at 0.07712 and the 24h low at 0.07688 creating a strong support confluence. While the MACD is bearish, it is bottoming out to signal downside momentum exhaustion. Although the EMA cluster is bearish, a mean-reversion move toward the EMA25 is probable. Entry is set at current levels, with a stop loss placed below the 24h low and TP1 targeting the EMA25 for an excellent R:R of ~1:3. ⚠️ Warning: Volume is critically low at 48.9K, carrying high slippage risks and wide spreads. A reduced position size is mandatory while utilizing a 1% risk allocation.
⚠️ Disclaimer: Not financial advice!
🪙 $H
🟢 LONG | 1H
🟢 Entry: 0.07712 — 0.07750
🛑 Stop: 0.07650
🟢 TP1: 0.07977
🟢 TP2: 0.08027
🟢 TP3: 0.08205
📉 RSI at 26.69 indicates oversold conditions near the 25 threshold, with price resting on the lower Bollinger Band at 0.07712 and the 24h low at 0.07688 creating a strong support confluence. While the MACD is bearish, it is bottoming out to signal downside momentum exhaustion. Although the EMA cluster is bearish, a mean-reversion move toward the EMA25 is probable. Entry is set at current levels, with a stop loss placed below the 24h low and TP1 targeting the EMA25 for an excellent R:R of ~1:3. ⚠️ Warning: Volume is critically low at 48.9K, carrying high slippage risks and wide spreads. A reduced position size is mandatory while utilizing a 1% risk allocation.
⚠️ Disclaimer: Not financial advice!
🪙 $H