🚀 SPACE/USDT at the channel support: is the market ready for a bounce?
SPACE on the 1H is testing the lower boundary of the ascending channel again, coinciding with the EMA50 zone. The price is pressed against support — a decisive moment: either forming a base for an upward impulse or breaking the structure.
📊 Briefly on the indicators:
EMA21 / EMA50: price below EMA50 — short-term bearish bias.
RSI (14): 36 — close to oversold, a reversal is possible.
MACD: neutral-bearish background.
Stoch RSI: 33 — potential for an upward breakout.
🎯 Trading plan
🔵 Main scenario: LONG from the channel support
If we hold the zone 0.0105 and get a buyer reaction — a bounce to the upper boundary of the range is likely.
Targets:
1️⃣ 0.0107 (+1.9%)
2️⃣ 0.0115 (+9.5%)
3️⃣ 0.0125 (+19%)
Entry points:
Aggressively: from 0.0105 upon confirmation of reversal by RSI.
Conservatively: after securing above 0.0107.
🛑 Stop-loss:
0.0094 (below local support and channel boundary).
📌 Conclusion: the zone is critical. If support is held — priority is long with potential up to +19%. A loss of 0.0094 will cancel the growth scenario. We work according to the plan and control the risk.
Trading 👉$SPACE
