đ $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.
đ The Technical Setup:
âą The Pattern: Double Bottom / Base Accumulation
âą Short-term Target: 3.50 - 4.00 USDT
âą Macro Objective: 16.00 USDT
âą Market Structure: Reversal accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 1.50 - 1.80 USDT
âą Resistance: 3.00 - 3.50 USDT
âą Breakout Level: 2.50 USDT
âą Stop Loss / Invalidation: 1.00 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Early bullish reaction off lows
âą Trend: Macro downtrend stabilizing
â ïž 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.
đ 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.
đ The Technical Setup:
âą The Pattern: Double Bottom / Base Accumulation
âą Short-term Target: 3.50 - 4.00 USDT
âą Macro Objective: 16.00 USDT
âą Market Structure: Reversal accumulation
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: 1.50 - 1.80 USDT
âą Resistance: 3.00 - 3.50 USDT
âą Breakout Level: 2.50 USDT
âą Stop Loss / Invalidation: 1.00 USDT
đ Confirmation:
âą Volume: Neutral/standard volume
âą Momentum: Early bullish reaction off lows
âą Trend: Macro downtrend stabilizing
â ïž 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.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#RPL #crypto #BinanceSquare #Binance #TechnicalAnalysis
