#LPT/USDT Forming Falling Wedge

#LPT

The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at the price of 3.94, representing a strong support point.

We have a trend of consolidation above the 100-period moving average.

Entry price: 3.99
First target: 4.10
Second target: 4.20
Third target: 4.34

Don't forget a simple money management rule:

Place your stop-loss order below the support zone in green.

Once the first target is reached, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.