🚀🔥 $AI /USDT TECHNICAL ANALYSIS - BOUNCE INCOMING? 🔥🚀
The $AI /USDT pair is currently trading at $0.7443, down 1.51% for the day. The price is approaching a key support zone near $0.7400, as shown on the 15-minute chart. A potential bounce could be in play if the support holds.
Key levels:
24-hour high: $0.8159
24-hour low: $0.7295
Resistance: $0.7800
Support: $0.7400
Trade scenarios:
Bullish scenario: If the price bounces off the $0.7400 support level, it could aim for a recovery toward the next resistance at $0.7800.
Take profit (TP): $0.7800
Stop loss (SL): $0.7350
Bearish scenario: If the price breaks below the $0.7400 support level, further downside could target the $0.7200 range.
Take profit (TP): $0.7200
Stop loss (SL): $0.7500
Market outlook:
The current price action suggests consolidation near a strong support level. A breakout or breakdown at this point could define the next trend. Keep a close watch on volume and momentum indicators for confirmation.
Stay vigilant and manage risk wisely!
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