$1000SATS /USDT - Significant Correction, Consolidation in Progress 📉

Current Price: $0.0001386 (-13.91%)

$1000SATS is witnessing continued selling pressure, with a notable decline to $0.0001325, forming a potential short-term support.

Key Levels to Watch:

Resistance Levels:

$0.0001459 (EMA-25)

$0.0001671 (EMA-99)

Support Level:

$0.0001325 (Recent Low)

Technical Insights:

1. Downtrend: Price remains well below all key EMAs, confirming bearish sentiment.

2. Consolidation: Minor recovery attempts above $0.0001393 could test immediate resistance levels.

Trading Strategy:

Bearish Bias: Look for short opportunities below $0.0001400 with targets:

TP1: $0.0001350

TP2: $0.0001320

Stop-Loss: Above $0.0001450

Bullish Scenario: Reclaiming $0.0001450 with strong volume could suggest potential recovery toward $0.0001600.

Patience is key as the market seeks stability post-decline.

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