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My dear Sats ❤️
Take a look at thorchain:native on the 1H chart. After dropped to $0.4914, price started recovering and is now moving inside a rising parallel channel.
Currently trading around $0.554, buyers are still defending the rising support. MACD remains positive, while RSI is showing moderate bullish momentum.
As long as price holds the lower trendline around $0.53, there’s potential for another push toward the upper trendline.
My trading plan:
Stop-loss: $0.5300
Targets: 0.56, 0.57, 0.58, 0.59
My final target is the upper trendline around $0.58–$0.59.
If price breaks below $0.53, this setup weakens, so don’t ignore the stop-loss.