"TWT/USDT: 2.22% Bounce from Oversold Levels, Watch for a Reversal"
/USDT is up 2.22%, trading at $1.2299, after rebounding from its 24-hour low of $1.1867. The pair remains under pressure following a significant drop from its recent high of $1.4194, reflecting cautious buying interest. The RSI at 14.06 highlights deeply oversold conditions, suggesting a potential reversal is on the horizon. The MACD, however, remains bearish, indicating the need for stronger momentum to confirm a recovery.
Resistance is positioned at $1.2500, with a breakout possibly pushing the price toward $1.3000. Critical support lies at $1.2000, which must hold to avoid further declines. Traders should watch for increased volume and bullish signals before entering positions while employing tight stop-losses to manage risks.
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