LEVER/USDT 1-Hour Chart Analysis:
The LEVER token is currently in a downtrend, with price action indicating a possible correction back toward the 200 EMA, where bearish momentum may resume. Notably, an inverted head and shoulders pattern is forming, which could suggest a potential long opportunity if confirmed.
Key Levels to Watch:
A breakout above $0.001626 would serve as an important signal for a long entry, as it may indicate the beginning of a bullish reversal within the larger downtrend.
Traders are advised to monitor volume and price action closely around this level to assess strength and confirm any potential breakout.
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