SCRT/USDT – Testing support. Will the scenario repeat?

Secret - is a privacy-focused blockchain built on Cosmos. Its smart contracts, called Secret Contracts, enable DApps to utilize private data on Secret, similar to how smart contracts function on other blockchains. However, Secret Contracts transmit encrypted data through encrypted channels without exposing it. This is made possible by encrypting the contract state during execution.


All the charts are cropped, so I found a more complete historical chart of the coin and overlaid it to the left.

This coin has dropped by approximately -98% since its distribution. To put it in perspective, if you had invested $1,000, you would now have only $20…
We observe a formation resembling an internal channel (120%) and an external channel (280%). The price is once again being squeezed near support at the lowest price zones available on Binance (where the main liquidity is).
My previous trading idea played out successfully in three zones.
Profit from the time of publication to the squeeze: +270%.
The price is moving within a descending channel, but at the same time, the sideways range I previously anticipated is also forming. Here, it’s crucial to adapt to the situation.
Right now, the entire market is experiencing a pullback toward support levels.
I've marked potential final liquidity grab zones on the chart—consider these in your trading strategy.
Also, I want to highlight how negative the news sentiment is at the moment. No one believes in a rally. But that's exactly how it always looks in similar price reversal zones!)))