Technical update and trading opportunity: Will pair
$S bounce back? 🚨
After a period of bearish pressure, S/USDT appears to be forming a solid support base on the 4-hour (4H) timeframe and is preparing for an upcoming rebound.
📊 Current technical details (based on the chart):
Current price: 0.02055
Price action: A breakout and positive close above the MA(7) moving average at 0.02014, which provides an initial signal for incoming buy liquidity.
RSI indicator: Steady at 50.31—an excellent neutral zone that gives the price enough room to rise before reaching overbought conditions.
Strongest support: Levels at 0.01900 have proven their strength as a demand zone for a rebound.
🎯 Proposed trade plan (quick speculation):
🟢 Entry zones (Entry): 0.02020 - 0.02055
🎯 Targets (Take Profit):
First target: 0.02190 (testing the MA 25)
Second target: 0.02320 (key horizontal resistance)
🔴 Stop Loss: 0.01930 (a close below it cancels the bullish scenario)
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