🚨$TNSR /USDT 🚨
The 1-hour chart for TNSR/USDT indicates some bearish momentum, with a recent drop after reaching local highs. Here’s an analysis of the current technical state:
Current Price: 0.4861
💡 Critical Levels to Watch:
Resistance Level: 0.5195 – The price has struggled to maintain levels above this mark, suggesting strong selling pressure here.
Key Resistance: 0.5290 – This is a significant barrier that, if broken, could signal a shift toward a bullish trend.
Support Zone: 0.4612 – The nearest strong support level. If the price moves below this, bearish momentum could strengthen.
Lower Support: 0.4298 – A breach below this level could trigger further declines and increased selling pressure.
🔄 Short Trade Signal:
Entry: 0.4850 (confirmation of bearish continuation)
Stop-Loss: 0.5000 (to protect against unexpected reversals)
Target:
First Target: 0.4700
Second Target: 0.4612 – Monitor for a retest here.
Third Target: 0.4400 – Deeper potential support zone.
🚀 Long Trade Signal:
Entry: 0.4950 (after price shows upward momentum)
Stop-Loss: 0.4790 (managing downside risk)
Target:
First Target: 0.5100
Second Target: 0.5195
Third Target: 0.5290 – A break here could confirm bullish movement.
Indicators and Key Points:
White Indicators: Mark key resistance and support levels.
Green Indicator: Represents bullish potential if the price breaks through the marked resistances.
Red Indicator: Highlights bearish risk, especially if the support at 0.4612 breaks.
⚠️ Cautionary Note:
Watch out for volume changes and sudden spikes, which can signal incoming volatility.
