#AUCTION/USDT — Major Accumulation or Bearish Continuation?

#AUCTION

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 4.60, and the price has bounced from this level several times. Another bounce is expected.

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

Entry Price: 4.70
First Target: 4.92
Second Target: 5.10
Third Target: 5.33

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.