Descending channel, RSI divergence, support-turned-resistance.

2024年3月5日

The price is currently in a descending channel, approaching the grey area. Simultaneously, as it nears the orange dashed line at 0.72, there is a support line divergence in the RSI. The upper boundary of the descending channel and the blue area have historically provided strong support, holding multiple times. However, now they have turned into local resistance. After breaking below the blue area and a pullback to it, a buying opportunity arises. The first target is the beginning of the descending channel at 0.871, and the second target is 0.94, with a stop loss at 0.72. This presents a long position opportunity.

2024年3月10日

交易結束：目標達成