$SUPER
Hacker Strategy more updates follow This profile.
Morning Short term setup approx 50% Target done .
SUPER/USDT Analysis: 4-Hour Time Frame
SUPER/USDT experienced a downside move of 8% today on the 4-hour time frame. The price rejected the resistance zone and dropped significantly towards a lower support level, signaling bearish momentum in the market.
1. Bearish Trendline Breakdown: The price broke below a descending trendline, moving downward toward the support zone.
2. Support Zone Failure: The $1.48 support level failed to hold, leading to increased selling pressure.
3. Target Achieved: The price dropped to $1.3890, marking a significant milestone for short-term bears.
Outlook:
If the price closes below $1.389, further downside toward the $1.233 support zone is likely. However, if the price recovers, $1.48 will act as a strong resistance level.
Market Sentiment:
The overall market sentiment appears bearish, with continued selling pressure likely to sustain the downward trend for SUPER/USDT.
