#DOT/USDT Ready to go higher

#DOT

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.

We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.

There is a key support zone in green at 1.77. The price has bounced from this zone multiple times and is expected to bounce again.

We have a trend towards stability above the 100-period moving average, as we are moving close to it, which supports the upward movement.

Entry price: 1.80
First target: 1.83
Second target: 1.86
Third target: 1.90

Stop loss: Below the support zone in green.

Don't forget a simple thing: capital management.

For inquiries, please leave a comment.

Thank you.