🔍 TECHNICAL SETUP: SHORT-TERM BOUNCE | RR 1:6.2
View: Bullish short-term relief within a downtrend
### OVERVIEW:
🕐 Short term: UP 🟢
🕓 Medium term: STRONG DOWN 🔴
🕗 Long term: STRONG DOWN 🔴
Current price: $0,02744
### KEY LEVELS:
🔴 R3: $0,07487 | +172,8% from current price
🔴 R2: $0,03270 | +19,2% from current price - Pattern target
🔴 R1: $0,02881 | +4,99% from current price - Immediate resistance
📍 Current: $0,02744
🟢 S1: $0,02705 | -1,42% from current price
🟢 S2: $0,02660 | -3,06% from current price - Invalidation
🟢 S3: $0,02364 | -13,83% from current price - Structural support
### INDICATORS:
RSI 14: 54,53 - NEUTRAL. Recovering
MACD: Negative -0,00011 but histogram rising
Volume: 2,47x above average | 59,95M vs 51,82M
### TRADE SETUP:
Entry: $0,02744
🛑 Stop: $0,02660 | -3,06%
💰 Target 1: $0,03270 | +19,2%
💰 Target 2: $0,07487 | +172,8%
⚖️ Risk : Reward: 1 : 6,2
### RATIONALE:
High volume confirming buying at support.
If it breaks $0,02881, it opens room to seek $0,03270.
⚠️ RISK: Closing below $0,02660 invalidates the setup.
The bigger trend remains bearish.
Confidence: MEDIUM 🔶
Would you enter now or wait for a break of $0,02881 to confirm? 👇
#TechnicalAnalysis
#Trading #Crypto #Setup #RiskReward #cryptoBraekout_trader