SUPERUSDT has entered the support zone between 0.5142 – 0.4754 after a strong impulsive move to the upside.This support zone is considered valid due to multiple rejections that occurred within this area in the past—indicating strong buyer interest.
Ideally, this is where we expect price to bounce and resume the bullish trend. The first sign of confirmation would be a break above 0.5272, which may open the path toward higher targets.
However, the bullish scenario remains valid only if the price stays above 0.4983—a key invalidation level.
Note:
- If this level is breached before a clear candlestick confirmation, the candle pattern being used to validate the move becomes invalid.
- Even if the price breaks below the invalidation level, as long as it remains within the support zone, the support is still valid — but it would require the formation of a new bullish candlestick pattern to re-confirm the potential for an upward move.
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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.