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As we delve into the 1-hour chart of IDUSDT, we uncover intriguing patterns. A descending channel formation suggests a period of consolidation or downward movement. However, the RSI showcases a bullish divergence, hinting at a potential shift in momentum. Moreover, a recent breakout above the channel's resistance line indicates mounting buying pressure, signaling a tilt towards bullish sentiment. This presents an opportune moment for traders to contemplate long positions, anticipating an upward trajectory.
ENTRY - 0.7200
Signal Type - LONG
Profit Objectives:
1. 0.7375
2. 0.7420
3. 0.7500
4. 0.7550
Stop Loss - 0.7080
Leverage - 10x
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