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DeepBook / Tether

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DEEPUSDT 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. 🚀 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. 🚀 Further support is found at the 0.5 level, indicating that there’s a high chance the price could reverse upwards from here. 🚀 Strong support from SUI/USDT, as indicated in the chart, adds extra confidence to the bullish potential. 🚀 Resistance Levels: The first major hurdle lies around the 0.786 Fibonacci level and the psychological resistance at 0.100. 🚀 If the bullish momentum continues, the long-term target could be the 1.618 Fibonacci extension at 0.113, signaling significant upside potential. 🚀 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. 🚀 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. 🚀 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!
Long
by Loveiceroollss
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.
Long
by simagain
4