The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bounce from the lower boundary of the descending channel. This support is at 0.0494.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area in green at 0.0461, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.0584
First target: 0.0648
Second target: 0.0727
Third target: 0.0840
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
Thank you.
#MemecoinSentiment #ETHBreaks3k #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy