DEEPUSDT.P trade ideas
DEEPBOOK Set for Explosive Move to 0.11!?The current DEEP/USDT 4-hour chart shows the price consolidating after a strong upward move, and now it's nearing a crucial decision point. Using Fibonacci retracement, we can identify key support and resistance levels that could dictate the next big move.
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Key Support Zones:
The price is currently sitting near the 0.618 Fibonacci retracement level, historically a strong area of support for a potential bullish bounce.
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Further support is found at the 0.5 level, indicating that there’s a high chance the price could reverse upwards from here.
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Strong support from SUI/USDT, as indicated in the chart, adds extra confidence to the bullish potential.
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Resistance Levels:
The first major hurdle lies around the 0.786 Fibonacci level and the psychological resistance at 0.100.
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If the bullish momentum continues, the long-term target could be the 1.618 Fibonacci extension at 0.113, signaling significant upside potential.
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Price Action Scenarios:
In the bullish scenario, the price could bounce from the current support levels, pushing towards the 1.618 extension for an explosive move upward.
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In the bearish scenario, if the support fails, the price could dip further towards the 0.382 or 0.236 Fibonacci levels before finding solid footing again.
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In summary, DEEP/USDT is at a pivotal moment. A breakout from here could lead to massive gains, while a failure to hold support could trigger a deeper correction. Don’t miss this potential opportunity as the market braces for its next big move!
Deep bullish scenarioDeep price has retraced to 50% of the last push up and is still close to the bottom of this ascending channel. If the channel holds true, we could expect a push up from Deep (especially if BTC bounces soon).
Long entry and stop is simply the idea. Use your own risk management to find an entry on lower time frames and apply your respective stop. Long entry indicates an approximate of where I would consider the trade invalidated should price go there.
DEEP Altcoin on the rise - more gains ahead?At this time, DEEP, a SUI supporting coin is one of the strongest Altcoins in the market.
With BTC at key breakout level, DEEP/USDT could lead to further gains and continue it's trend higher, if it will not break lower. Given the momentum in DEEP, I think we can see 0.1 by the end of the week and further gains in a longer time period.
Always enter at your own risk and remember that investing and trading is risky.
DEEP remains strong.
DEEP/USDT strongest Altcoin - more gains to come?At this time, DEEP, a SUI supporting coin is one of the strongest Altcoins in the market.
With BTC at key breakout level, DEEP/USDT could lead to further gains and continue it's trend higher, if it will not break lower. Given the momentum in DEEP, I think we can see 0.1 by the end of the week and further gains in a longer time period.
Always enter at your own risk and remember that investing and trading is risky.
DEEP remains strong. Because they buying - I am buying.
After all, deep pockets buy deeeeeeeep.
