#ALICE/USDT #MetaPlansLayoffs #BTCReclaims70k #PCEMarketWatch
The price is moving within a descending channel on the hourly timeframe. It has reached the minimum and is heading towards a bounce. A retest of this level is expected.
The Relative Strength Index (RSI) indicates a bearish trend, and this trend is likely to continue due to overbought conditions.
There is a major support area in green at 0.1170. The price has bounced off this area several times, making it a strong support level.
The price is moving towards the 100-period moving average, which we are approaching. This trend supports a bullish movement.
Entry price: 0.1200
Target 1: 0.1232
Target 2: 0.1256
Target 3: 0.1293
Stop loss: at the resistance area marked in green
Remember this simple rule: money management.
If you have any questions, please leave a comment.
Thank you.
