LTO / TetherUSLong
Ltousdt trading opportunity
Ltousdt has been establishing a corrective phase with the price action forming a falling wedge, signaling a potential bullish reversal. The price recently reversed after testing a critical internal demand zone, where buying pressure initiated a strong breakout.
This breakout pushed the price up to test the $0.3091 level, which now acts as the immediate neckline zone. However, a rejection from this neckline has resulted in a pullback, driving the price back towards the previously identified buy-back zone. This zone remains valid and may serve as a crucial support area, potentially experiencing another retest before a final upward momentum.
The overall structure suggests that after consolidating or retesting the buy-back zone, the price could see a continuation of the upward push, with the projected target set towards an external supply zone. Given the current setup, it's essential to monitor for sustained volume and momentum as confirmation for the next bullish leg.
I’d love to hear your view on this coin’s movement and if you see any additional key levels or factors influencing its price movement.
This breakout pushed the price up to test the $0.3091 level, which now acts as the immediate neckline zone. However, a rejection from this neckline has resulted in a pullback, driving the price back towards the previously identified buy-back zone. This zone remains valid and may serve as a crucial support area, potentially experiencing another retest before a final upward momentum.
The overall structure suggests that after consolidating or retesting the buy-back zone, the price could see a continuation of the upward push, with the projected target set towards an external supply zone. Given the current setup, it's essential to monitor for sustained volume and momentum as confirmation for the next bullish leg.
I’d love to hear your view on this coin’s movement and if you see any additional key levels or factors influencing its price movement.
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Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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