#ICPUSDT The price is moving in a descending channel

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#ICPUSDT The price is moving in a descending channelICP / TetherUSBINANCE:ICPUSDTCryptoAnalystSignal#ICP The price is moving within a descending channel on the 1-hour timeframe. It has reached the lower boundary and appears poised for a rebound; a retest of this boundary is expected, which should support an upward move. The Relative Strength Index (RSI) indicates a bearish trend, but given the "oversold" condition on the 1-hour timeframe, there is a high probability of an upward breakout from this downtrend. An orange trend line is present, supporting an upward rebound. There is an initial support level at 2.78, which acts as a primary support zone for the price. A key support zone (marked in green) exists at 2.65; the price has rebounded from this area multiple times, making it a strong support level. The price is moving toward the 200-period moving average—a level we are currently approaching—which further supports an upward move. Entry Price: 2.91 First Target: 2.98 Second Target: 3.04 Third Target: 3.12 Stop Loss: At the green support/resistance zone. Remember this simple rule: Capital management. If you have any questions, please leave a comment. Thank you.