Hello crypto enthusiasts! Let's take a look at the current situation regarding the total market capitalization of cryptocurrencies using the chart provided. 🌐
📊 Technical analysis and forecast:
Support Levels:
$2.035T: This level has acted as support several times and is important to the current market structure. $1.997T: The next key support level that can be tested in the event of a fall.
Resistance levels:
$2.141T: The first resistance level, if broken, further growth can be expected. $2.177T: A strong resistance level that the price can test during a bullish movement.
Possible price movement scenarios:
Bullish scenario: The price may test the $2.141T level and, if broken, move to $2.177T and higher. Bearish scenario: If the price does not hold at current levels, a rollback to $2.035T and further to $1.997T is possible.
Possible entry and exit points:
Entry Point: Consider buying around the $2.035T support level if the price holds at this level. Exit Point: Plan to sell near the $2.141T and $2.177T resistance levels to take profits.
Stop loss:
Set a stop loss just below the $2.035T support level to minimize losses in case of further declines.
Summary:
Entry: $2.035TExit: $2.141T - $2.177TStop loss: $2.012T
📉 Be careful and manage your risks! Cryptocurrencies can be very volatile. 📈
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![](https://public.bnbstatic.com/image/pgc/202407/ed548130fa34d5f5e67f26cb717520b8.png)