Support Level (Entry Point): Around 6.354 USDT. This level has been tested and appears to hold, indicating buying interest around this price.
Resistance Levels: There are multiple resistance levels:
6.779 USDT | 7.107 USDT | 7.139 USDT | 7.612 USDT
Recent candlesticks show some bearish pressure with the price retreating from recent highs, yet finding support around the 6.354 USDT level.
Price Targets:
1. Immediate Target: 6.779 USDT, which is the first resistance level after the current support.
2. Secondary Targets: 7.107 USDT and 7.139 USDT. If the price manages to break through these levels, it may reach the next significant resistance at 7.612 USDT.
Bullish Scenario: If the price respects the current support level (6.354 USDT) and bounces back, we can expect a retest of the resistance levels mentioned above.
Bearish Scenario: If the price breaks below the support level, the next potential support would be the previous low, which is around 6.000 USDT.
Resistance Levels: There are multiple resistance levels:
6.779 USDT | 7.107 USDT | 7.139 USDT | 7.612 USDT
Recent candlesticks show some bearish pressure with the price retreating from recent highs, yet finding support around the 6.354 USDT level.
Price Targets:
1. Immediate Target: 6.779 USDT, which is the first resistance level after the current support.
2. Secondary Targets: 7.107 USDT and 7.139 USDT. If the price manages to break through these levels, it may reach the next significant resistance at 7.612 USDT.
Bullish Scenario: If the price respects the current support level (6.354 USDT) and bounces back, we can expect a retest of the resistance levels mentioned above.
Bearish Scenario: If the price breaks below the support level, the next potential support would be the previous low, which is around 6.000 USDT.
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.
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.