🚨 $AUDIO /USDT at Pivotal Levels – Is a Breakout on the Horizon? 🚨
The $AUDIO /USDT 4-hour chart on Binance reveals an intense battle between buyers and sellers at critical levels. Currently trading at $0.1220, AUDIO has encountered strong resistance around the $0.1260 mark (highlighted in purple). This level has acted as a ceiling for the price, rejecting attempts to break higher multiple times.
📉 Key Support and Resistance:
• Resistance: $0.1260 USDT – A breakout above this level could lead to a strong rally, attracting buyers aiming for the next target.
• Support: $0.1163 USDT – If the price falls below this level, we might see increased selling pressure, potentially pushing AUDIO further down.
🎯 Entry Strategy:
1. Long Entry: Consider entering above $0.1260 if AUDIO breaks out with strong volume. Target levels at $0.13 and $0.135. Place a stop loss around $0.1240 to manage risk.
2. Short Entry: If AUDIO fails to break resistance, consider a short entry near $0.1255, with targets at $0.12 and $0.1165. Stop loss should be positioned above $0.1275 to avoid unexpected spikes.
📈 Short-Term and Long-Term Views:
• Short-Term: Watch for quick reactions near resistance; AUDIO could swing toward the lower support if it gets rejected again.
• Long-Term: A sustained break above $0.1260 could signal a potential upward trend, positioning AUDIO for a bullish leg.
📌 Set alerts and stay vigilant! AUDIO/USDT is gearing up for a decisive move.#NovCryptoOutlook #16thBTCWhitePaperAnniv #29thBNBBurn #USJobOpeningsDip #CryptoPreUSElection