⚡️New Spot Signal⚡️
The price is moving in a descending channel on the 4-hour frame and sticking to it well, showing signs of a potential break upwards.
We have a bounce from the lower limit of the channel at a price around $50.72 to $53.8, indicating a strong support level.
There is bullish divergence on the RSI indicator, which supports the potential rise as downward momentum weakens.
The price is also stabilizing near the 100-period moving average.
Entry price: $53.80
First target: $83.13
Second target: $93.45
Third target: $110.18
