$TFUEL #TFUEL/USDT #Write2Earn! #writetoearn

Theta Fuel (TFUEL) against Tether (USDT) on the daily timeframe from Binance

1. Key Levels:

- Support Levels:

- Around $0.0400 (marked in red) is a strong support area.

- Resistance Levels:

- The purple box around $0.0800 indicates a significant resistance area.

- The blue line near $0.13418 represents a potential long-term price target/resistance if the price breaks upwards.

2. Trend Analysis:

- The downward sloping yellow trendline indicates a bearish trend over time, with multiple rejections at the trendline.

- A breakout above this trendline (which appears to have happened) could indicate a potential trend reversal.

3. Moving Averages:

- The chart includes a 50-day MA (blue line) and potentially another longer-term MA (red line). Crossing these averages could signal a change in momentum.

4. Trading Volume

- Volume seems relatively low compared to earlier spikes, indicating that more strength is needed to confirm the breakout.

5. Buy/Sell Recommendations:

- Buy Trigger: Price action above $0.0695, aligned with a breakout from a downtrend, could support a bullish outlook.

- Sell Trigger: If the price drops below $0.0588, the bearish trend could resume.

6. What to Watch

- Keep a close eye on $0.0800. If TFUEL closes above this resistance area with high volume, it could signal a move towards $0.13418.

- Keep an eye on any bearish reversal patterns near resistance areas.