#LDO/USDT — Critical Retest at Demand Zone vs Long-Term Downtr

#LDO

The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.

We have a trend to stabilize above the 100-period moving average again.

We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.

We have a key support zone in green that pushed the price higher at 0.7330.

Entry price: 0.7643
First target: 0.7837
Second target: 0.8088
Third target: 0.8362

For risk management, don't forget stop-loss orders and capital management.

The stop-loss is below the support zone in green.

Upon reaching the first target, take some profits and then change the stop-loss order to an entry order.

For any questions, please comment.

Thank you.