Is SAGA About to Drop? Key Levels to Watch Now!Yello, Paradisers! Is #SAGAUSDT preparing for a potential downturn? Here's what we're eyeing right now.
💎#SAGA After a significant breakout from a critical resistance level, looks poised to revisit the demand zone at $2.21-$2.05. This retest would align with a bullish reversal, potentially pushing the price towards our target in the Bearish Order Block area.
💎However, if SAGA fails to bounce from the demand zone, we could see the price test the support level between $1.78-$1.88. This zone was previously a key resistance level, and a strong rebound from here is likely as the price has yet to retest this support following the recent breakout.
💎If SAGA doesn't rebound and the daily candle closes below $1.77, the bullish outlook will be invalidated, and the price may reverse back into a bearish trend, continuing its downward move.
Only the patient traders who stick to sound strategies will thrive. Discipline is key.
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SAGAUSDT Bullish Head and Shoulders PatternSAGAUSDT Technical analysis update
SAGA has formed an inverse head and shoulders pattern on the 4H chart, with the price moving towards the neckline for a breakout. On the daily chart, the price has formed a descending channel. Both breakouts could occur simultaneously. If the price breaks out, we can expect a strong bullish move.
Buy zone : Below $1.55
Stop loss : $1.21
Always Keep Stop Loss