$ONE /USDT - A Bearish Pullback or a New Bullish Trend?
Overview
The ONE/USDT pair has been experiencing a volatile period recently. After a significant uptrend, the price has encountered a bearish pullback, leading to a decline of approximately 6.66%. Currently, the price is trading at $0.03042.
Trade Scenarios
* Bearish Continuation: If the price breaks below the support level of $0.02753, it could signal a continuation of the bearish trend. TP: $0.02500, SL: $0.03200
* Bullish Reversal: A break above the resistance level of $0.03267 could indicate a potential bullish reversal. TP: $0.03500, SL: $0.02900
Market Outlook
The overall market sentiment for ONE/USDT remains cautiously optimistic. However, the recent bearish pullback has raised concerns about the sustainability of the uptrend. Traders should closely monitor the price action and key support and resistance levels to make informed trading decisions.