š $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.
š 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
šÆ 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
š Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Early bullish reaction off lows
⢠Trend: Macro downtrend stabilizing
ā ļø 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.
š 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.
š 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
šÆ 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
š Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Early bullish reaction off lows
⢠Trend: Macro downtrend stabilizing
ā ļø 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.
š Creator: NOUMAN_DON (@NOUMAN_DON)
#RPL #crypto #BinanceSquare #Binance #TechnicalAnalysis
