🟢📊 LayerZero/USDT Trade Signal 🚀
Current Price: $4.3923
Timeframe: 1H,
🔻 Down Channel: The price has been trading in a descending channel, but it has found strong support in the Support Area. A potential reversal could be on the horizon.
🟢 Support Area: The $4.30-$4.40 zone represents a key level of support where buyers are stepping in, increasing the likelihood of a bounce.
📈 Bullish Outlook:
• Target 1: $4.6804
• Target 2: $4.9116
• Target 3: $5.2042
The pair shows strong potential for an upward breakout with these key resistance levels in sight!
📊 RSI Indicator:
• RSI currently sits at 39.75, close to oversold levels, suggesting a possible reversal. A move above 51.59 would confirm renewed bullish momentum.
💡 Strategy:
• Buy Zone: Around $4.30-$4.40
• Take Profit: Scale out at the above targets
• Stop Loss: Consider placing below $4.20 to manage risk
⚠️ Trade Carefully!
Disclaimer: DYOR and NFA.
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