Realio "RIO" Looks BULL on Daily but might dump to ~$0.85
Looks kind of bullish on daily, but I would open short first to see where it will bottom or just wait for better entry.
We do have a bit bearish indicators on hourly timeframes.
Head & Shoulders Pattern.
Short:
Entry: 1.1825
SL : 1.25
TP: 0.85
Or just wait for Breakout confirmation and long it as it looks very Bullish.
Long:
Entry: 1.18 or any confirmation of breakout
SL: 1.13
TP: 2.23
We do have a bit bearish indicators on hourly timeframes.
Head & Shoulders Pattern.
Short:
Entry: 1.1825
SL : 1.25
TP: 0.85
Or just wait for Breakout confirmation and long it as it looks very Bullish.
Long:
Entry: 1.18 or any confirmation of breakout
SL: 1.13
TP: 2.23
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.