🚀 $RPL is showing a potential technical setup!
The weekly chart on Bybit highlights a prolonged downtrend building a potential macro bottom base structure around the 1.50 - 2.00 USDT area.
📈 The Technical Setup:
• The Pattern: Double Bottom / Base Accumulation
• Short-term Target: 3.50 - 4.00 USDT
• Macro Objective: 16.00 USDT
• Market Structure: Reversal accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1.50 - 1.80 USDT
• Resistance: 3.00 - 3.50 USDT
• Breakout Level: 2.50 USDT
• Stop Loss / Invalidation: 1.00 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Early bullish reaction off lows
• Trend: Macro downtrend stabilizing
⚠️ Invalidation:
A decisive weekly close below the 1.00 USDT level invalidates this reversal setup.
Monitor price action closely around key resistance zones for confirmation.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#RPL #crypto #BinanceSquare #Binance #TechnicalAnalysis
The weekly chart on Bybit highlights a prolonged downtrend building a potential macro bottom base structure around the 1.50 - 2.00 USDT area.
📈 The Technical Setup:
• The Pattern: Double Bottom / Base Accumulation
• Short-term Target: 3.50 - 4.00 USDT
• Macro Objective: 16.00 USDT
• Market Structure: Reversal accumulation
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 1.50 - 1.80 USDT
• Resistance: 3.00 - 3.50 USDT
• Breakout Level: 2.50 USDT
• Stop Loss / Invalidation: 1.00 USDT
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Early bullish reaction off lows
• Trend: Macro downtrend stabilizing
⚠️ Invalidation:
A decisive weekly close below the 1.00 USDT level invalidates this reversal setup.
Monitor price action closely around key resistance zones for confirmation.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#RPL #crypto #BinanceSquare #Binance #TechnicalAnalysis
