Technical Analysis for $TKO /USDT
Current Price: 0.4737 USDT
24h Change: -1.09%
24h High: 0.5181 USDT
24h Low: 0.4584 USDT
Price Action:
The price has recently been trading in a range between 0.4584 and 0.5181 USDT.
The current price is closer to the lower end of this range, showing a potential for a short-term rebound or further downside.
Technical Indicators:
Support: 0.4584 (recent low), acting as a key level.
Resistance: 0.5181 (recent high), a level to watch for breakouts.
Momentum: Bearish trend (-1.09% change in 24h), indicating downward pressure.
RSI (Relative Strength Index): Check if RSI is approaching oversold conditions (below 30) for potential reversal.
Trade Signal:
Sell/Short: If price breaks below the 0.4700 support zone, targeting the next support at 0.4584.
Buy/Long: Consider entering around 0.4737 if a bullish reversal is confirmed, targeting the resistance at 0.4840 and 0.4959 for short-term profits.
Target Levels:
1. Target 1: 0.4840 (next resistance level)
2. Target 2: 0.4959 (higher resistance zone)
3. Target 3: 0.5181 (previous high, potential breakout level)
Trade Momentum:
Bearish Momentum: Currently, momentum is tilted to the downside with potential for further short-term decline. Watch for price action around 0.4700 for confirmation of a trend shift.
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