Risk : %19 | Reward %635 and more
There is one more thing that caught my attention. U can observe the rise in RSI and volume . This can be evaluated for the risk-to-reward ratio.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3262).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QRDOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.33
TP 1 : 0.5132
TP 2 : 0.62
TP 3 : 0.7731
TP 4 : 1.0767
TP 5 : 1.4993
TP 6 : 2.4025
SL= Break below 0.2646
There is one more thing that caught my attention. U can observe the rise in RSI and volume . This can be evaluated for the risk-to-reward ratio.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3262).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. QRDOUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.33
TP 1 : 0.5132
TP 2 : 0.62
TP 3 : 0.7731
TP 4 : 1.0767
TP 5 : 1.4993
TP 6 : 2.4025
SL= Break below 0.2646