$LISTA Based on the descending triangle pattern forming on the 8-hour chart for $LISTA, here’s a detailed analysis and trading plan:

Current Market Overview.

Pattern Observed: Descending triangle on the 8-hour chart.

Current Sentiment: The price is moving near the support line of the triangle.

A bounce from this level could signal a potential bullish move.

Key Levels.

1. Buy Zone: The ideal entry zone would be near the lower support line of the triangle, approximately between $0.420 to $0.450.

This range allows traders to enter close to the support, maximizing potential upside.

2. Targets:

First Target (T1): $0.514

Second Target (T2): $0.572

Third Target (T3): $0.650

Stop Loss.

To manage risk, a stop loss should be placed below the support line of the triangle. A good stop loss level would be around $0.400.

This level helps protect capital if the price fails to hold the support and breaks downward.

Trading Strategy.

1. Entry: Wait for the price to approach the support line between $0.420 to $0.450.

Watch for signs of reversal or a bounce (e.g., bullish candlestick patterns, increased volume).

2. Confirmation: Ensure there is a clear bounce or a bullish signal before entering a trade.

This helps avoid premature entries if the price continues to decline.

3. Breakout Monitoring: If the price breaks above the upper resistance of the triangle with strong volume, it can confirm the beginning of an upward move toward the set targets.

Risk Management.

Use only a portion of your trading capital for this trade to maintain a balanced risk.

The recommended risk-to-reward ratio for this setup is at least 1:2 or better.

Regularly monitor the trade, especially around key levels, to react if the market sentiment changes.

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