$VITE /USDT: Bullish Setup with Key Levels Identifiedš„šÆ
Market Overview:
The chart displays a bullish reversal pattern forming on the 1-hour timeframe, confirmed by higher lows and consistent buy pressure. Current price action at $0.01804 shows potential for upward momentum after a short-term correction.
Key Levels:
ā¢ Support: $0.01700 (Strong support zone for accumulation).
ā¢ Resistance: $0.02000 (First major hurdle for breakout).
Entry Strategy:
1. Long-Term Entry: Enter between $0.01750ā$0.01800 for a target of $0.02100.
ā¢ Stop Loss: $0.01650.
2. Short-Term Scalping: Enter above $0.01820 on breakout confirmation.
ā¢ Target: $0.01950.
ā¢ Stop Loss: $0.01780.
Market Prediction:
The pattern indicates bullish continuation as price recovers from minor pullbacks. A breakout above $0.01900 signals momentum towards $0.02100 and potentially higher. Bull run likely!
Action Plan:
Take positions now while price holds the support zone, and watch for breakout confirmation. Strong volume increase suggests upcoming volatility. Act fast!
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