ZIGUSDT heading to weekly support before bounce to highsZIGUSDT has a similar story like many others. It has hit the weekly resistance WR1 and currently pulling back from there.
It is likely to hit daily support DS1 and later weekly support WS1.
DS1 can provide some bounce but the price may visit WS1 again before bouncing well and continuing its upward journey.
I will buy spot heavy if it hits WS1 zone.
What do you think?
Zigusd
Price Hits Key Support Zone at 0.992 with Potential for Rebound#ZIG/USDT #Analysis
Description
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+ The price has reached a critical support zone around the 0.992 range, and there are signs that it may be poised for a bounce back.
+ Support Zone: The price has hit the 0.992 support level, a key area that could provide a foundation for a potential rebound.
+ Bounce Potential: Current price action suggests a likelihood of a bounce from this support zone
+ RSI Divergence: A clear divergence on the RSI indicates a potential shift in momentum, further supporting the case for a possible rebound.
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VectorAlgo Trade Details
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Entry Price: 0.099014
Stop Loss: 0.076742
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Target 1: 0.110634
Target 2: 0.123872
Target 3: 0.140993
Target 4: 0.161473
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo