$XAI 🚀
On the 1-hour chart, price action is moving within a well-respected descending channel, showing signs of a potential breakout and retest. 📉📈
We've just seen a strong bounce from the lower boundary at 0.0448, acting as key support. Meanwhile, the RSI downtrend is nearing a breakout and retest, signaling growing bullish momentum. 💪
Price is also consolidating above the 100 MA, reinforcing the bullish setup. Here's the trade idea:
- Entry: 0.0466
- Target 1: 0.0477
- Target 2: 0.0493
- Target 3: 0.0514
Setup favors a breakout play with technical confluence on multiple fronts. ✅
On the 1-hour chart, price action is moving within a well-respected descending channel, showing signs of a potential breakout and retest. 📉📈
We've just seen a strong bounce from the lower boundary at 0.0448, acting as key support. Meanwhile, the RSI downtrend is nearing a breakout and retest, signaling growing bullish momentum. 💪
Price is also consolidating above the 100 MA, reinforcing the bullish setup. Here's the trade idea:
- Entry: 0.0466
- Target 1: 0.0477
- Target 2: 0.0493
- Target 3: 0.0514
Setup favors a breakout play with technical confluence on multiple fronts. ✅
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XAI
0.0439
-4.77%
