๐ Key Factors Right Now:
โ Current Price: $0.23480
โ Daily Change: -10.76%
โ Key Levels:
๐น Resistance: $0.38080, $0.31670
๐น Support: $0.22063
โโโโโโโโโโโโโโโโโโโโโโ
๐ก Main Signals Influencing the Market:
๐ No rebound after the drop โ the lack of buying pressure increases the chances of further decline.
๐ Empty space ahead โ below $0.2206, there are no strong support zones, meaning a sharp drop could follow.
๐ Closing near a critical level โ price remains at risk, increasing the likelihood of a breakdown.
๐ Breakout from consolidation โ the asset has left its range, signaling the potential formation of a new trend.
โโโโโโโโโโโโโโโโโโโโโโ
๐ Main Scenario: Continued Decline
๐ป If
โ Target 1: $0.2100 โ the nearest technical support.
โ Target 2: $0.1955 โ a zone where a short-term bounce could occur.
โ Target 3: $0.1780 โ a major support level where stronger buyer resistance is expected.
๐ข Short remains the priority as long as price stays below $0.2300.
A breakdown of $0.2206 could trigger liquidations and accelerate the drop.
Be cautious with long positions โ there are no strong reversal signals yet.
โโโโโโโโโโโโโโโโโโโโโโ
๐ข Alternative Scenario: Bullish Reversal
If
โ Target 1: $0.2700 โ a local resistance zone.
โ Target 2: $0.3167 โ a level where a pullback is likely.
โ Target 3: $0.3800 โ a key resistance, breaking which could change the overall trend.
๐ข A long entry is only valid if price holds above $0.2400.
Reversal confirmation requires an increase in volume and stability above $0.2500.
๐ข As long as the price is below $0.2300 โ long positions remain risky.
Conclusion: Critical Moment! Be Ready for a Sharp Move!
๐
๐ Sellers remain in control, but if $0.2300 holds, an unexpected rebound could happen.
๐ Short remains the main scenario, unless price successfully stabilizes above $0.2400.
๐ Get ready for a major move! Watch $0.2206 closely โ this level will determine
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๐ฅSubscribe to our Telegram channel๐ฅ
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.