🚀 $DATA /USDT Technical Analysis 📉 | Current PRICE:0,04771,
The DATA/USDT pair is at a critical juncture, trading at 0.04771, With solid support at 0.0470, the price is testing important levels, setting up the potential for a bounce. If the support holds, a reversal could push the price toward the 0.0500 resistance, which could trigger a breakout.
However, if support fails, the price may drop further, targeting 0.0450. The RSI nearing oversold conditions suggests a possible rally, and the MACD indicates weakening bearish momentum.
Entry Strategy:
Long Entry: Buy near 0.0470, targeting 0.0500, with a stop loss below 0.0450.
Short Entry: If resistance at 0.0500 holds, short with a target of 0.0450, and a stop loss above 0.0520.
Watch the price action closely as this could determine the next significant move for the pair! 📊