1-Hour Time Frame

  1. Support Levels:

    • 1.4104 USDT: This is a significant support level where the price previously reversed. If the price approaches this level again, it could serve as a potential buying zone.

  2. Resistance Levels:

    • 1.9342 USDT: This is currently a resistance level. The price needs to break and hold above this level for a bullish continuation.

    • 2.3389 USDT: Another potential resistance level that coincides with previous highs. This level may serve as a take-profit zone for short-term traders.

4-Hour Time Frame (from the chart you provided)

  1. Support Levels:

    • 1.4104 USDT (-25.69%): This level seems to be a major support, and any price action near this area should be closely monitored for potential long entries.

    • 0.6450 USDT: Another support level far below, but worth noting in case of a strong bearish move.

  2. Resistance Levels:

    • 2.3389 USDT (+23.23%): The first key resistance where sellers might step in.

    • 2.6539 USDT (+39.82%): A stronger resistance level where previous price action has shown rejection.

    • 2.9821 USDT (+57.11%) and 3.3243 USDT (+75.14%): These are the upper resistance levels that could act as targets if a bullish breakout occurs.

  3. Trend Analysis:

    • The price appears to be in a recovery phase after a downtrend. A break above 1.9342 USDT could signal a potential reversal.

Daily Time Frame

  1. Support Levels:

    • 1.4104 USDT: This level is still significant on the daily TF. If the price holds here, it could signify the formation of a longer-term base.

    • 0.6450 USDT: This is a crucial support level. If the price breaks below 1.4104, 0.6450 could be the next level to watch.

  2. Resistance Levels:

    • 1.9342 USDT: A key level that the price needs to overcome for any sustainable upward movement.

    • 2.3389 USDT and above: These levels serve as important targets if the price breaks above the current resistance.

Overall Summary:

  • Short-Term (1-Hour TF): Watch for a break above 1.9342 USDT for a potential move towards 2.3389 USDT. Look for intraday patterns or signals for entry/exit points.

  • Medium-Term (4-Hour TF): A potential reversal seems to be forming. Confirmation would come from a strong close above 1.9342 USDT.

  • Long-Term (Daily TF): The price action suggests consolidation with a bullish bias if it can break above the resistance levels mentioned. However, failure to hold above 1.4104 USDT could lead to a retest of lower levels.

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