Realio "RIO" Looks BULL on Daily but might dump to ~$0.85
Looks kind of bullish on daily, but I would open short first to see where it will bottom or just wait for better entry.
We do have a bit bearish indicators on hourly timeframes.
Head & Shoulders Pattern.
Short:
Entry: 1.1825
SL : 1.25
TP: 0.85
Or just wait for Breakout confirmation and long it as it looks very Bullish.
Long:
Entry: 1.18 or any confirmation of breakout
SL: 1.13
TP: 2.23
We do have a bit bearish indicators on hourly timeframes.
Head & Shoulders Pattern.
Short:
Entry: 1.1825
SL : 1.25
TP: 0.85
Or just wait for Breakout confirmation and long it as it looks very Bullish.
Long:
Entry: 1.18 or any confirmation of breakout
SL: 1.13
TP: 2.23
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