🚀 $TKO /USDT Technical Analysis: Reversal Opportunity or Bearish Continuation? 🎯

BNB
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0.2991
-2.41%

Current Price: $0.3532 (-17.75%)

24h Range: $0.3495 - $0.4299

Volume: High selling pressure (TKO: 42.20M, USDT: 16.43M)

🔥 Technical Insights:

Key Support Zones:

Immediate: $0.3490

Major: $0.3300

Key Resistance Levels:

Immediate: $0.3700

Strong: $0.4000

Momentum Indicators:

RSI: Oversold (<30), signaling possible reversal.

MACD: Bearish but flattening, watch for a crossover.

EMA (4h): Price trading below the 20 EMA, confirming downward pressure.

📈 Trade Signal: A Strategic Setup for TKO

Momentum: Bearish with potential for a bounce.

Entry Zone: $0.3520 - $0.3550

Stop Loss: $0.3400

🎯 Profit Targets:

Target 1: $0.3700

Target 2: $0.3900

Target 3: $0.4000

💡 Pro Tip:

Short-term traders: Target $0.3700 for quick profits.

Swing traders: Hold for higher levels if momentum confirms.

Keep an eye on RSI and volume for breakout signals.

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