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Current Price: 4.753 USDT
Technical Analysis:
The CYBER/USDT pair is currently trading within a range bounded by key support and resistance levels. The resistance level is marked at approximately 4.837 USDT, while the support level is around 4.686 USDT.
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If the price breaks above the resistance level of 4.837 USDT with significant volume, it could signal a bullish trend continuation. Traders might consider entering a long position upon a confirmed breakout, targeting higher resistance levels.
- Entry Point: Above 4.837 USDT
- Target Levels: 4.967 USDT and above
- Stop Loss: Below the breakout level at around 4.837 USDT-
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Conversely, if the price fails to sustain above the resistance and reverses, falling below the support level of 4.686 USDT, it could indicate a bearish trend. Traders might consider entering a short position upon a confirmed breakdown.
- Entry Point: Below 4.686 USDT
- Target Levels: 4.556 USDT and below
- Stop Loss: Above the breakdown level at around 4.686 USDT
