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#LDO/USDT — Critical Retest at Demand Zone vs Long-Term Downt#LDO The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected. We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected. There is a key support zone in green at 0.5680, and the price has bounced from this level several times. Another bounce is expected. We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend. Entry Price: 0.5880 First Target: 0.5970 Second Target: 0.6112 Third Target: 0.6278 Remember a simple principle: Money Management. Place your stop-loss order below the green support zone. For any questions, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
#LDO/USDT — Critical Retest at Demand Zone vs Long-Term Downtr#LDO The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel. We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move. There is a key support zone in green at 0.7400, representing a strong support point. We have a trend of consolidation above the 100-period moving average. Entry price: 0.7514 First target: 0.7640 Second target: 0.7879 Third target: 0.8140 Don't forget a simple money management rule: Place your stop-loss order below the green support zone. Once you reach the first target, save some money and then change your stop-loss order to an entry order. For any questions, please leave a comment. Thank you.
Long
by CryptoAnalystSignal