Is $RPL preparing for a new launch? A strong entry signal appears on the chart!
Technical analysis and trading strategy for RPL:
Current price: 5.19
Key technical indicators:
RSI = 58.7 → very close to entering the upward momentum.
Bollinger Bands are widening after previous pressure = likelihood of a strong movement nearby.
The price has broken through MA10 and is approaching MA20 = we might see a reversal of the upward trend.
MACD is nearing a positive crossover (important to follow in the coming days).
Trading plan details:
Entry: 5.05 – 5.20
Stop Loss: 4.72
Take Profit 1: 5.78
Take Profit 2: 6.26
Risk-to-reward ratio: 1 : 2.2 (excellent)
It is preferable to enter after a confirmation candle above 5.30 with a strong 4-hour close.
Why is this a promising trade?
Classic indicators give early signals of the start of a new wave.
Clear support at 4.70, and holding above it is important.
The price is moving in a healthy manner without high selling pressure.
What do you think?
Is RPL capable of breaking the 6.30 barrier soon, or is the correction not over yet?
Share your analysis in the comments