#SUPER/USDT#SUPER
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.7294
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 0.8327
First target: 0.8729
Second target: 0.9236
Third target: 0.9953
Superusdtshort
Short position on SUPERUSDT / Which one is correct?BINANCE:SUPERUSDT
COINBASE:SUPERUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.6712
0.6605
0.6517
0.6408
0.6266
SL:
0.7181
The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.