Hello traders! 🚨 I analyzed the $1000CAT/USDT chart in 4 hours and we are at a key point. Here are the details:
📉 Bearish trend: Lower highs and lower lows, with the price below all EMAs. However, there are signs of exhaustion.
💥 Key patterns:
▪️Triple bottom at $0.03414: Critical support level.
▪️Double top at $0.03575 and $0.03714: Resistances that have not yet been surpassed.
📊 Indicators:
▪️Stochastic in oversold, indicating possible rebound. 💪🏻
▪️Decreasing volume, a sign of lack of bearish strength.
📈 Possible scenarios:
1. If the support at $0.03414 holds, we could look for resistances at $0.03575 and $0.03714.
2. If the support is broken, the next target would be $0.03023.
💡 Conclusion: It is a decisive moment. Watch the volume and key areas to anticipate the next move. 🔥