Major Resistance: $0.9843 (historical level before the sharp downturn).
Technical Indicators
✔️RSI: Likely in the oversold region (specific value not visible), suggesting potential for a short-term bounce.
✔️MACD: Momentum is bearish, as visible in the downward movement, so watch for possible convergence.
💸Trading Setup💸
🚨1. Long Setup (Countertrend Trade)
Entry Point: $0.8124 (enter at or near the immediate support level).
Target: $0.8921 (resistance zone for profit booking).
Stop-Loss: $0.7998 (below the secondary support to limit losses).
🚨2. Short Setup (Trend Continuation Trade)
Entry Point: $0.8921 (if price retraces to resistance).
Target: $0.8124 (key support zone).
Stop-Loss: $0.9200 (above resistance to protect against breakout).
Market Insights
1. Bearish Momentum: The 15.66% drop indicates that sellers are in control, but oversold conditions might lead to a short-term rebound.
2. High Volatility: With significant volume and price fluctuations, expect sharp movements.
3. Breakout Potential: If the $0.8124 support is broken, the price could fall toward $0.7998 or lower. Conversely, breaking $0.8921 resistance could lead to a recovery.
Risk Management
Use position sizing to limit risk per trade to 1-2% of your portfolio.
Monitor volume and candlestick patterns near support/resistance levels for confirmation of the trade setup. #Write2Earn #BTC100KTrumpEffect #BullCyclePrediction #usual #TrumpBTCBoomOrBust
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول.اطلع على الشروط والأحكام.
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