The chart displays the $DF /USDT trading pair on Binance with a 15-minute time frame, showing a current price of $0.08557, up 40.97% in 24 hours. Key levels are visible:
24h High: $0.11929
24h Low: $0.05800
Analysis:
1. The price is rebounding after a retracement near $0.08000, suggesting bullish momentum.
2. Resistance is observed around $0.09000 - $0.09500, while support lies at $0.08000.
3. Volume remains substantial, indicating sustained interest.
Recommendation:
Long Entry: Enter near $0.08300 - $0.08500 if the price holds above support at $0.08000.
Target: $0.09000 (short-term) and $0.10000 (extended).
Stop Loss: Place at $0.07800 to limit downside risk.
Short Entry: Consider entering near $0.09000 - $0.09500 if the price shows rejection at resistance.
Target: $0.08500 (short-term) and $0.08000 (extended).
Stop Loss: Place at $0.09700 to protect against breakouts.
Always monitor price action for confirmation before entering. Adjust stop-loss levels based on evolving market conditions.
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