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Ssvusdtsignal

SSV target 69 in perp4h time frame - SSV is retesting the robust uptrend line with a precipitous drop from $55. Usually need more consolidation or accumulation to reverse after a quick dip like this. However, SSV has been increasing on this upward slope since $11, that makes this uptrend pivotal, so the timing is an entry for left-hand side traders to gain perfect risk to reward ratio. Moreover, next entry will be around $25~$28 once current plan got liquidated, and you can have more detail about 1st amd 2nd entry on chart from my previous analysis of SSV spot. - TP: $69 SL: $32
Long
by EthanTW
SSV/USDT its possible back testing before break the pattern!💎 Paradisers, the recent market dynamics surrounding #SSV have been noteworthy. 💎Currently, SSV is grappling with the descending resistance area, awaiting a daily candle close above this pattern to confirm a successful breakout. However, if SSV fails to achieve this, there's potential for a retest of the support zone between $41 and $38. 💎 In the support area, there's a possibility of price bouncing and attempting another breakout above the descending resistance. 💎 Adding to the bullish sentiment, the MACD indicator has displayed a golden cross, signaling a potential bullish reversal. If this momentum persists, SSV could break out of the pattern and continue its upward trajectory toward our target resistance area. 💎 Conversely, if SSV fails to bounce off the support area and instead breaks below it, there's a chance of revisiting the demand area around $28 to establish new momentum. Historically, SSV has shown resilience by bouncing from this zone. 💎 The bullish scenario would be invalidated if SSV fails to bounce from the demand area and closes a candle below it. In such a scenario, the price could confirm a continuation of bearish movement, possibly leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise