$DF USDT Price Action Analysis 🔥💯
Market Overview:
The DFUSDT chart on the 30-minute timeframe shows a strong bullish breakout from the consolidation zone near $0.065, reaching a peak of $0.085. However, a slight correction indicates resistance around this level.
Current Price: $0.08015 (down 2.81%)
Trade Levels:
• Long Entry: Look for a retest of the $0.075 support zone, which aligns with the previous breakout level. Ensure confirmation with bullish momentum before entering.
• Short Entry: If price breaks below $0.075, target the next support at $0.070, with a stop-loss above $0.078.
Market Next Move:
The bullish momentum suggests further upside potential if $0.080 is reclaimed and held. The next resistance levels to watch are $0.085 and $0.090. On the downside, a failure to hold $0.075 could lead to a deeper pullback toward $0.070.
Recommendation:
• Long-term: Gradual accumulation near $0.075 for a potential breakout toward $0.090.
• Short-term: Secure partial profits at key resistance levels and adjust stop-loss accordingly.
Action Plan:
Wait for a confirmation candle near support or resistance before initiating trades. Manage risks carefully, as volatility may increase near $0.080.
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