RIOUSDT appears to have completed wave 3 and has since entered a corrective phase, with price approaching a strong support zone that serves as a key buyback area. This level previously acted as strong resistance and is now holding as major support, making it a critical zone to watch for potential reversal.
If price maintains above this level, a bullish reaction could follow, aligning with the projected setup target. However, if this support fails and price breaks through, the focus should shift to re-accumulation at the secondary buyback zone before any potential recovery. The expected target zone is outlined on the chart, reflecting mid-to-long-term projections.
Market structure remains key, and how price reacts at these levels will determine the next major move. What are your thoughts on this setup?
If price maintains above this level, a bullish reaction could follow, aligning with the projected setup target. However, if this support fails and price breaks through, the focus should shift to re-accumulation at the secondary buyback zone before any potential recovery. The expected target zone is outlined on the chart, reflecting mid-to-long-term projections.
Market structure remains key, and how price reacts at these levels will determine the next major move. What are your thoughts on this setup?
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。