DANGER ! DANGER !
"🚨 Supply Zone Rejection Alert! 🚨
SuperFarm (SUPER/USDT) faces a key resistance, a potential 35% drop incoming! 📉 Will we see a bounce in the demand zone at $0.70? Watch the Fair Value Gap closely for possible entries. Let’s discuss! 🔥
💬 Drop your thoughts in the comments below!"
The chart you've shared is for SUPER/USDT (SuperFarm) on the daily timeframe. Here's the analysis:
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Supply Zone Rejection: The price is facing resistance near $1.15, suggesting a rejection from a supply zone.
Potential Downtrend: A bearish move is anticipated with a target towards the green zone between $0.70 and $0.75, indicating a possible retracement.
Fair Value Gap (FVG): The chart highlights an FVG, indicating a potential price imbalance that could act as a support level.
35% Drop Projection: The measured move suggests a potential 35% decline to the $0.70 level, where stronger support is expected.
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