๐ RWA (Allo) โ 4H Chart Quick Trade Setup
RWA is currently trading around 0.00317, showing signs of short-term stabilization after a drop. On the 4H timeframe, price has formed a local base near 0.00310, and selling pressure is slowly weakening.
๐ Technical Snapshot:
โข RSI (35โ39) โ Near oversold, downside momentum fading
โข Price still below EMA 25 & EMA 99 โ trend is not bullish yet
โข Small green candles โ bounce attempt, not breakout
๐ฏ Targets:
โข Target 1: 0.00328 โ 0.00332 (safe & realistic, 5โ8%)
โข Target 2: 0.00340 โ 0.00345 (only if volume improves)
๐ Invalidation / Stop-loss:
โข Below 0.00308
๐ก Strategy:
This is a short-term scalp, not a swing trade. With small capital, focus on quick profits and strict risk control. Exit if price fails to hold above 0.00325.
โ ๏ธ Not financial advice. Trade smart, not emotional.