๐ข $RECALL / USDT | ๐ด SHORT | โญ 70.55%
๐ฏ Goal: $0.039104. Does it reach it?
๐ฏ Trading levels:
๐ด Entry: $0.04
๐ Stop Loss: $0.04
๐ TP1: $0.04
๐ TP2: $0.04
๐ TP3: $0.04
๐ Analysis:
The current structure shows a clear bearish trend, confirmed by the formation of lower highs and lower lows on the 4-hour timeframes. Price is under selling pressure, seeking a bearish breakdown of the key support located at 0.04. With an RSI of 38.46, momentum remains neutral, while we observe how the market tries to consolidate this bearish direction after the recent break of structure.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 1H
๐ญ A breakout occurs when price crosses a support or resistance level with strength, which usually indicates a continuation of the current trend.
#crypto #RECALL #trading #Futures #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and decide calmly.
๐ฏ Goal: $0.039104. Does it reach it?
๐ฏ Trading levels:
๐ด Entry: $0.04
๐ Stop Loss: $0.04
๐ TP1: $0.04
๐ TP2: $0.04
๐ TP3: $0.04
๐ Analysis:
The current structure shows a clear bearish trend, confirmed by the formation of lower highs and lower lows on the 4-hour timeframes. Price is under selling pressure, seeking a bearish breakdown of the key support located at 0.04. With an RSI of 38.46, momentum remains neutral, while we observe how the market tries to consolidate this bearish direction after the recent break of structure.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 1H
๐ญ A breakout occurs when price crosses a support or resistance level with strength, which usually indicates a continuation of the current trend.
#crypto #RECALL #trading #Futures #Bearish
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and decide calmly.
