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🚀 AI/USDT Trade Analysis – Potential Short Opportunity
🔎 Overview:
AI/USDT is currently trading at 0.77795 and has surged nearly +39.52% in the last 24 hours. However, the price is approaching a key supply zone between 0.80000 and 0.85448, where selling pressure could emerge, providing a potential short trade setup.
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📈 Technical Analysis:
1️⃣ Supply Zone:
The highlighted zone between 0.80000 - 0.85448 has previously acted as a strong resistance. Historically, prices have reversed from this level.
Watch for price rejection or bearish candlestick patterns within this zone to confirm a short setup.
2️⃣ Volume Spike:
A high-volume breakout has pushed the price into this resistance area. If the momentum weakens, it could signal exhaustion of buyers.
3️⃣ Reversal Signals:
Monitor for signs like bearish divergence on RSI or MACD, or the formation of doji or engulfing patterns around the supply zone.
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📊 Trade Plan:
🔻 Entry:
Look for short positions between 0.80000 - 0.85000 after confirmation of resistance.
🎯 Target Levels:
First Target (TP1): 0.75000
Second Target (TP2): 0.72000
🚨 Stop Loss:
Above 0.85500 to manage risk if the price breaks above the supply zone.
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📌 Key Points to Monitor:
Price Action: Wait for confirmation within the supply zone before entering the trade.
Volume Behavior: Look for decreasing buy volumes, which can indicate a reversal.
Market Sentiment: Ensure no significant news or announcements are contradicting this setup.
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⚠️ Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and trade with proper risk management.
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