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1. Resistance Level:

- 3,507.40 USDT:Marked in red at the top of the chart. This is where the price has faced selling pressure and struggled to move higher.

2. Support Level:

- 3,383.12 USDT:Marked in green at the bottom of the chart. This is where the price has found buying interest and struggled to move lower.

3. Intermediate Resistance:

- 3,469.70 USDT:Marked with a yellow horizontal line. This level has acted as a significant barrier where the price has struggled to sustain above multiple times.

Trend Analysis:

- Downtrend:The price has been in a general downtrend, indicated by lower highs and lower lows. This is visible in the left section of the chart, where the price consistently moves downward.

- Attempted Breakout and Rejection:Around the beginning of July, there was an attempted breakout above the 3,469.70 USDT level, which failed as indicated by the red zone. The price moved above this resistance briefly but was rejected and fell back below.

- Current Downtrend:After the failed breakout, the price is once again moving downwards, approaching the support level at 3,439.64 USDT (current price level as per the chart).

Profit Range:

- Buy Range (Green Zone):Between 3,439.64 USDT and 3,383.12 USDT.

- This indicates a potential buying opportunity if the price reaches the lower support level, expecting it to bounce back.

- Sell Range (Red Zone):Between 3,469.70 USDT and 3,507.40 USDT

Summary:

- The price is currently in a downtrend after being rejected at the intermediate resistance level (3,469.70 USDT).

- If the price continues to fall, it may find support around 3,439.64 USDT and possibly down to 3,383.12 USDT.

- The yellow line at 3,469.70 USDT acts as a significant intermediate resistance, and the red zone above it indicates a strong selling area.

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