Can #TFUEL Bulls Really Keep Up With Current Bullish Momentum?
Yello, Paradisers! Can #TFUEL bulls really keep up with the current bullish momentum or not? Let's discuss the latest analysis of #ThetaFuel:
đź’ŽAfter breaking through its descending channel resistance, #TFUELUSDT is showing promising signs of bullish momentum. However, its rally has been stalled at a crucial resistance level of $0.0794. This minor resistance is a key hurdle; if breached, it could mark a significant shift in market structure and open the door for #ThetaFuel to target higher price levels. A clean break above this zone would likely validate the bullish outlook, signaling market confidence and a potential trend reversal.
đź’ŽOn the flip side, the downside risks cannot be ignored. If #TFUEL fails to push above $0.0794, the price may slip further to test the major support range between $0.0478 and $0.0518. This zone, aligned with a previous significant low, serves as a critical safety net for buyers. A failure to hold this level would likely lead to a retest of the $0.0413 demand area, a last line of defense for the bulls.
đź’ŽShould #TFUEL close below $0.0413 on the daily chart, the bullish case would be invalidated entirely. Such a move would shift the narrative to a bearish outlook, increasing the likelihood of forming a new lower low and potentially triggering deeper declines as market sentiment deteriorates further.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
đź’ŽAfter breaking through its descending channel resistance, #TFUELUSDT is showing promising signs of bullish momentum. However, its rally has been stalled at a crucial resistance level of $0.0794. This minor resistance is a key hurdle; if breached, it could mark a significant shift in market structure and open the door for #ThetaFuel to target higher price levels. A clean break above this zone would likely validate the bullish outlook, signaling market confidence and a potential trend reversal.
đź’ŽOn the flip side, the downside risks cannot be ignored. If #TFUEL fails to push above $0.0794, the price may slip further to test the major support range between $0.0478 and $0.0518. This zone, aligned with a previous significant low, serves as a critical safety net for buyers. A failure to hold this level would likely lead to a retest of the $0.0413 demand area, a last line of defense for the bulls.
đź’ŽShould #TFUEL close below $0.0413 on the daily chart, the bullish case would be invalidated entirely. Such a move would shift the narrative to a bearish outlook, increasing the likelihood of forming a new lower low and potentially triggering deeper declines as market sentiment deteriorates further.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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