🚨 Theta Fuel (TFUEL) Breaks Key Resistance: What's Next? 🚨
TFUEL has broken above the monthly value area high (VAH) at $0.06473, signaling strong bullish momentum. This breakout could pave the way for further upside if critical resistance levels are cleared. Here’s a breakdown of the key levels to watch:
Key Levels to Watch:
Immediate Support (Retest Zone): $0.06473 (monthly VAH).
🔑 If price holds above this level, it confirms the breakout.
Next Resistance Levels:
$0.07366 (local supply zone).
$0.08380 (major resistance from previous highs).
Upside Target: $0.10040 (TWAP - anchored resistance level).
📈 A breakout here could fuel a sustained rally.
What to Watch For:
Volume Confirmation: Ensure the breakout is supported by above-average trading volume.
Retest Behavior: A successful retest of $0.06473 would indicate strong demand.
RSI Levels: Watch for overbought signals, which may indicate a potential pullback.
💡 Pro Tip: Keep a close eye on Bitcoin and broader market sentiment. Correlation with large-cap movements could influence TFUEL’s price action.
📢 What’s your strategy? Will TFUEL hold above $0.06473? Share your thoughts, tip if you found this helpful, and let’s discuss! 🚀