#C98/USDT — Descending Wedge & High R/R Zone

Jan 20

#C98

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.

There is a key support zone in green at 0.0226. The price has bounced from this level several times and is expected to bounce again.

The RSI is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.

Entry Price: 0.0229
Target 1: 0.0234
Target 2: 0.0239
Target 3: 0.0244

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.

Feb 15

Trade closed: target reached

#C98
Target 1: 0.0234 Reached
Target 2: 0.0239 Reached
Target 3: 0.0244 Reached