hi traders,
* Reclaimed Support Zone
Price has successfully reclaimed a key historical support around the $8.06–$8.72 range, which previously acted as a base before major rallies. This suggests growing buyer interest at this level.
* RSI Breakout
On the RSI, we’ve seen a clean breakout from a long-term descending trendline, which has capped momentum since late 2023. This momentum shift increases the probability of a bullish continuation.
* Reward/Risk Outlook
This setup shows two potential targets:
🎯 Target 1: $12.80 (mid-range resistance)
🎯 Target 2: $17.34 (multi-year resistance level)
Stop-loss is strategically placed below the reclaimed support zone at around $7.76–$7.79, offering a favorable risk/reward profile.
The confluence of technical signals—price reclaiming support and momentum confirmation via RSI breakout—indicates a possible trend reversal. Bulls could be regaining control, making this an attractive swing opportunity.
* Reclaimed Support Zone
Price has successfully reclaimed a key historical support around the $8.06–$8.72 range, which previously acted as a base before major rallies. This suggests growing buyer interest at this level.
* RSI Breakout
On the RSI, we’ve seen a clean breakout from a long-term descending trendline, which has capped momentum since late 2023. This momentum shift increases the probability of a bullish continuation.
* Reward/Risk Outlook
This setup shows two potential targets:
🎯 Target 1: $12.80 (mid-range resistance)
🎯 Target 2: $17.34 (multi-year resistance level)
Stop-loss is strategically placed below the reclaimed support zone at around $7.76–$7.79, offering a favorable risk/reward profile.
The confluence of technical signals—price reclaiming support and momentum confirmation via RSI breakout—indicates a possible trend reversal. Bulls could be regaining control, making this an attractive swing opportunity.
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
免責聲明
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。