RIO/Tether
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Riousdt trading idea

1201
RIOUSDT appears to have completed wave 3 and has since entered a corrective phase, with price approaching a strong support zone that serves as a key buyback area. This level previously acted as strong resistance and is now holding as major support, making it a critical zone to watch for potential reversal.

If price maintains above this level, a bullish reaction could follow, aligning with the projected setup target. However, if this support fails and price breaks through, the focus should shift to re-accumulation at the secondary buyback zone before any potential recovery. The expected target zone is outlined on the chart, reflecting mid-to-long-term projections.

Market structure remains key, and how price reacts at these levels will determine the next major move. What are your thoughts on this setup?
Transaction en cours
Immediate buy back zone failed, so our attention shifted to the secondary buyback zone as the major demand area.

snapshot

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