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 bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.
There is a major support area in green at 3.07, representing a strong support point.
We are heading for consolidation above the 100 moving average.
Entry price: 3.14
First target: 3.17
Second target: 3.22
Third target: 3.72
Don't forget a simple matter: capital management.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
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