$BB

/USDT Strong Dip Move Confirm 💯 💫

Overview:

Current Price: 0.4617 USDT (-2.57%)

24h Range: 0.4445 - 0.4793 USDT

Volume: 29.25M BB (13.47M USDT)

Trend: Short-term bearish pressure, potential for consolidation.

Key Levels:

Support: 0.4445 (Immediate), 0.4400 (Stronger Support).

Resistance: 0.4700 (Immediate), 0.4793 (Key Resistance).

Trade Strategy:

1. Entry:

Long near 0.4445 or lower (if price consolidates around support).

Breakout above 0.4700 for a more bullish confirmation.

2. Targets 🎯:

🎯 Target 1: 0.4700 (Immediate Resistance).

🎯 Target 2: 0.4750 (Key Resistance).

🎯 Target 3: 0.4850 (Further continuation).

3. Stop-Loss:

Below 0.4400 to manage risk, considering the recent low.

Momentum Check:

RSI: Around 40, indicating bearish momentum but not oversold yet.

MACD: Recent bearish crossover, suggesting a weaker trend, but price could bounce off support.

Volume: Moderate, suggesting that the current bearish pressure may continue, but watch for signs of reversal.

Tip:

Watch for price action near 0.4445 to see if support holds. If it does, a move back to 0.4700 could be in play. If price breaks above 0.4700, consider a more aggressive entry towards the next resistance levels. Tight stop-loss below 0.4400 ensures protection against further downside.

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