📊 ROBO/USDT Technical Update (1H Chart)
$ROBO is trading at a critical stage. After yesterday's drop, the market is attempting a recovery, but the momentum is a bit slow.
Key Observation:
Price Status: Currently trading at 0.03852, which is just above the MA(7) yellow line.
Resistance: On the upside, 0.03920 (MA25) is a wall. As long as a 1-hour candle does not close above this, the trend will not be fully bullish.
Support: The strong support below is at 0.03446. If this level breaks, further correction may be seen.
My Strategy:
I am currently in "Wait and Watch" mode. If the price crosses 0.03950, a good long setup could be created. Until then, scalping is better.
#ROBO #cryptotrading #Binance #TechnicalAnalysis
$ROBO is trading at a critical stage. After yesterday's drop, the market is attempting a recovery, but the momentum is a bit slow.
Key Observation:
Price Status: Currently trading at 0.03852, which is just above the MA(7) yellow line.
Resistance: On the upside, 0.03920 (MA25) is a wall. As long as a 1-hour candle does not close above this, the trend will not be fully bullish.
Support: The strong support below is at 0.03446. If this level breaks, further correction may be seen.
My Strategy:
I am currently in "Wait and Watch" mode. If the price crosses 0.03950, a good long setup could be created. Until then, scalping is better.
#ROBO #cryptotrading #Binance #TechnicalAnalysis