1. Target and Prices:


• Target: Based on the movement on the chart, the price is initially targeted to reach the 2.60 - 3.20 USDT band.


• Macro Target: In the longer term, there is a scenario where the price could move up to 10 USDT levels.



2. Support and Resistance Levels:


• Supports:


• The 1.00 - 1.05 USDT zone is an important major support.


• The 0.75 - 0.80 USDT zone is the next strong support level.


• Resistors:


• The first resistance is at 1.50 - 1.60 USDT levels.


• Above, the critical resistance zone is 2.50 - 2.60 USDT.



3. Indicators:


• Trend Indicators:


• The price is in an accumulation area, increasing the possibility of a trend reversal.


• Ichimoku Cloud: The price was below the cloud but there is potential for a breakout in the short term.


• Volume: A significant increase in volume may support the rise.



4. Formations and Formation Reversals:


• Falling Channel: The chart indicates a falling trend channel. If this channel is broken, the rise is expected to continue sharply.


• Accumulation Formation: Both local and macro accumulation zones attract attention. These formations generally give an upward signal.



5. Trend Direction:


• Although the current trend appears to be horizontal and under downward pressure, there is the potential for an upward breakout in the short term.


• The long-term outlook signals a bullish trend.



6. Strategy and Recommendations:


• Breakage Trading:


• Closing above 1.50 USDT may be an indication of entering an uptrend.


• A gradual rise up to the 2.60 USDT region can be expected.


• Buy from Support: If the price drops to 1.00 USDT or below, a buy from support opportunity can be considered.


• Stop-Loss: Stop-loss can be set below the 0.75 USDT level.


• Risk Management: Adjust position size by taking into account the proximity of price to resistance levels.



7. Conclusion:



This coin is going through a local accumulation process. When the falling channel is broken, it has the potential for a rapid rise. However, it should be noted that if it cannot maintain support levels, it may fall again. Strategic positions can be taken towards the target, but market conditions should be constantly monitored.