1-Hour Time Frame
Support Levels:
132.76 USDT (0.51%): The price is currently hovering around this level. If this level breaks, we might see a move towards the next support.
117.33 USDT (-11.17%): This is a significant support level that could act as a buffer if the price drops further. A potential bounce could be expected here.
Resistance Levels:
141.74 USDT (+7.31%): The nearest resistance. A break above this level could signal a potential bullish continuation towards higher levels.
150.00 USDT (not shown on the chart): Psychological resistance near 150 USDT might be an area to watch if the price breaks above 141.74 USDT.
4-Hour Time Frame
Support Levels:
117.33 USDT (-11.17%): This level appears to be a key support, where the price might find some buying interest if it drops.
109.75 USDT (-16.91%): A deeper support level that aligns with previous consolidation areas.
Resistance Levels:
141.74 USDT (+7.31%): This is a critical resistance that needs to be broken for the uptrend to resume.
150.00 USDT: Again, a psychological barrier that could come into play if the price moves higher.
Trend Analysis:
The price has shown a pullback from the recent highs near 141.74 USDT. If the price stays above 132.76 USDT, we could see a potential recovery.
Daily Time Frame
Support Levels:
117.33 USDT (-11.17%): This level is significant on the daily TF as well and might act as a long-term support.
109.75 USDT and 96.17 USDT (-27.19%): These levels are critical for the overall trend. If the price breaks below 117.33 USDT, the next significant support would be at these levels.
Resistance Levels:
141.74 USDT: This remains a key level to break on the daily TF. A break above could trigger further gains.
150.00 USDT: Same as before, a psychological level to watch.
Overall Summary:
Short-Term (1-Hour TF): The price is currently at a crucial level (132.76 USDT). Watch for a break above 141.74 USDT for a bullish signal, with potential pullbacks to 117.33 USDT for support.
Medium-Term (4-Hour TF): The trend is still up, but the price is in a corrective phase. The key levels are 132.76 USDT for support and 141.74 USDT for resistance.
Long-Term (Daily TF): The trend remains bullish as long as the price stays above 117.33 USDT. A break above 141.74 USDT on good volume could signal a continuation of the uptrend.
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