RLCUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has started to move upwards after the break of the resistance line. Pull back may hit his previous resistance line and start moving towards our target again. But if it penetrates into our support line and stabilizes, we consider the possibility of falling to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
RLCUSDT trade ideas
RLC/USDT { IEXECRLC } - BULLISH SETUPANALYSIS 🔎
- RLCUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@3.9469)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.