ZEUS/USDT : Preparing for a Bullish Breakout
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ZEUS/USDT is currently moving within a **descending channel** on the 4-hour chart, adhering closely to its boundaries.
The price has recently bounced off the lower limit of the channel, touching the support level at **0.2150**. With an upward trend forming on the **RSI indicator**, we anticipate a potential rise.
The RSI is nearing a key breakout point, which could further signal a bullish move. Additionally, the price is showing signs of stabilizing above the **100 moving average**, reinforcing this upward momentum.
Trade Setup :
- Entry price : 0.2270
- First target : 0.2440
- Second target : 0.2596
- Third target : 0.2748
Conclusion & Advice :
ZEUS/USDT is poised for potential gains, provided it continues to hold key support levels and breaks above the descending channel.
Advice :
Traders should consider entering at **0.2270**, but watch the RSI and price movement closely for confirmation of the breakout. Gradually take profits at the specified targets while maintaining a cautious approach in case of reversals.