PLSUSDT appears to be on an upward trajectory after reaching the bottom of the ascending channel. The price is currently hovering around the 4-hour MA50, presenting a potential buying opportunity.
🟩 Look for a buy signal after the daily (1-day) candle closes above the 4-hour MA50.
🟩 The initial target is set at $0.2700, which corresponds to the 2.0 Fibonacci level.
🟩 The MACD indicator has formed a bullish cross on the 4-hour chart. This is a positive sign and indicates potential upside momentum.
🟩 The previous "bullish cross" on the MACD was formed on September 25, which coincided with the beginning of a new "bullish" phase. This historical background can provide additional confidence in the current situation.
Please note that trading decisions must take into account risk management strategies and it is important to conduct thorough analysis and stay abreast of the latest market developments.
