#XAI/USDT — Accumulation at Key Zone & Potential Reversal?

#XAI

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.

There is a major support area in green at 0.0451, which represents a strong support point.

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We are in a consolidation trend above the 100 moving average.

Entry price: 0.0462
First target: 0.0470
Second target: 0.0480
Third target: 0.0494

Don't forget a simple matter: capital management.

When you reach the first target, save some money and then change your stop-loss order to an entry order.

For inquiries, please leave a comment.

Thank you.