RIO/Tether
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Riousdt trading idea

1201
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?
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Immediate buy back zone failed, so our attention shifted to the secondary buyback zone as the major demand area.

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