#PORTAL The price is moving within an ascending channel on the hourly time frame. It has reached the minimum and is heading towards a breakout. A retest of this level is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a major resistance area in green at 0.00985, from which the price has bounced several times, making it a strong support level.
It is noted that there is a consolidation trend below the 100-period moving average, which we are approaching. This trend supports the decline towards this level.
Entry price: 0.00905
Target 1: 0.00895
Target 2: 0.00874
Target 3: 0.00848
Stop loss: at the resistance area marked in green.
Remember this simple rule: Manage your money wisely.
For any inquiries, please leave a comment.
Thank you.
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