#C98USDT — Descending Wedge & High R/R Zone

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#C98

The price is moving within a descending channel on the 1-hour timeframe; it has reached the lower boundary and is poised for a rebound. A retest of this boundary is expected, supporting an upward move.

The Relative Strength Index (RSI) indicates a bearish trend, but an upward breakout is likely due to oversold conditions on the 1-hour timeframe.

An orange trend line supports an upward rebound.

There is initial support at 0.01525, acting as a primary support zone.

A key support zone (marked in green) exists at 0.01478; the price has rebounded from this area multiple times, making it a strong support level.

The price is moving toward the 100-period moving average—a level we are currently approaching—which supports a rise.

Entry Price: 0.01613
Target 1: 0.01639
Target 2: 0.01670
Target 3: 0.01708

Stop Loss: At the green resistance zone.

Remember this simple rule: Capital management.

If you have any questions, please leave a comment.

Thank you.

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