#ALICE/USDT – Potential Trend Reversal After Long Accumulation

#ALICE

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 0.1060, and the price has bounced from this level several times and is expected to bounce again.

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

Entry Price: 0.1111
First Target: 0.1150
Second Target: 0.1198
Third Target: 0.1256

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.