Follow-up with a professional and distinguished analyst
SR StoRe
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🚨 Analysis of DCR coin: The calm before the storm? While everyone is busy with pumping coins, we take a look at DCR which sits in the shadows around 19. Here’s the technical situation in brief: 📉 The RSI indicator screams "Opportunity": The indicator records 25.93 on the daily timeframe. We are in strong "oversold" areas. Technically, a rebound from here to correct the indicator is the most likely scenario. 🧱 The defensive wall: The price perfectly respects the support area at 18.16$ . As long as we do not close below this number, we are in an "Accumulation Phase" preparing for the next move. 🎯 Roadmap: For the snipers: entering in the areas of 18.5$ -19$ is considered a high return for low risk (R/R Ratio). First target: testing the nearby EMA average at $21.10. Stop loss (mandatory): daily close below 18.00$ negates the positive scenario. The market rewards those who are patient, buying at support and selling at resistance.
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