Market Update: $TKO /USDT Analysis!💯🔥
The TKO/USDT chart on the 30-minute timeframe indicates a strong upward momentum, followed by a minor retracement from the $0.518 resistance zone. The price is currently consolidating at $0.5011, maintaining bullish strength despite the pullback. This consolidation suggests preparation for the next decisive move.
Key Levels to Watch:
• Long Entry: A breakout above $0.518 with volume confirms a long trade. Potential targets are $0.530 and $0.545.
• Short Entry: A rejection from $0.518 or a breakdown below $0.495 signals a short opportunity. Targets include $0.485 and $0.475.
Market Next Move:
• The current bullish trend remains intact, supported by rising demand. If the price stabilizes above $0.500, it could test higher resistance levels.
• A failure to hold above $0.495 may signal bearish pressure, opening room for a deeper correction.
Trade Strategy:
Secure partial profits if in a long position near resistance zones. For new positions, monitor price action closely at key levels to align with the prevailing trend.
Prepare for volatility as momentum builds around the $0.500 zone!