OSCR Downtrend Reversal Setup with Breakout Potential.
The OSCR chart on the 30-minute timeframe shows a clear downtrend with a descending trendline. The price action appears to be nearing a potential reversal point as it breaks out above the trendline resistance.
A yellow horizontal line indicates a significant support level around 13.67, where buyers might be stepping in.
The green zone highlights the profit target at 16.58, while the red zone (stop-loss) is placed near 12.76 to manage risk.
This setup reflects a bullish breakout potential with a favorable risk-to-reward ratio for a rebound.
A yellow horizontal line indicates a significant support level around 13.67, where buyers might be stepping in.
The green zone highlights the profit target at 16.58, while the red zone (stop-loss) is placed near 12.76 to manage risk.
This setup reflects a bullish breakout potential with a favorable risk-to-reward ratio for a rebound.
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