Based on the chart provided for TFUEL/USDT, here's an analysis:
🚨$TFUEL /USDT TESTING CRITICAL LEVELS – VOLATILITY AHEAD! 🚨
TFUEL is currently trading at $0.08512, showing a sharp -6.06% decline within the last 24 hours. The chart indicates potential price exhaustion following its recent high at $0.10106.
Key Levels to Monitor:
Resistance: $0.08959 – Breaking this level could pave the way for recovery toward $0.09341 and possibly retesting the recent high at $0.10106.
Support: $0.08318 – A breakdown here could drive TFUEL lower to $0.07632 or even test the stronger support at $0.06485.
Trading Setup:
Long Entry: Above $0.08959 with targets at $0.09341, $0.09800, and $0.10106.
Short Entry: Below $0.08318 with targets at $0.07632, $0.07000, and $0.06485.
⚠️ Caution: The recent dip highlights increased selling pressure. Wait for confirmation near critical levels before entering. Manage risk with tight stop-losses.
