Bullish Scenario (very low probability)
For any reversal to occur, the following conditions must be met:
The price must hold the 1.30–1.35 zone
– if this fails → we move to 1.00 or lower
A weekly close above 2.377 USDT
– this would be the first bullish confirmation
For a true trend reversal → a breakout above 5.396 USDT
Targets in a bullish continuation:
Target 1 → 2.377 USDT
Target 2 → 5.396 USDT
Target 3 → 7.00 USDT (upper wick rebounds)
Target 4 → 10 USDT+ (only in the case of a new hype cycle)
For any reversal to occur, the following conditions must be met:
The price must hold the 1.30–1.35 zone
– if this fails → we move to 1.00 or lower
A weekly close above 2.377 USDT
– this would be the first bullish confirmation
For a true trend reversal → a breakout above 5.396 USDT
Targets in a bullish continuation:
Target 1 → 2.377 USDT
Target 2 → 5.396 USDT
Target 3 → 7.00 USDT (upper wick rebounds)
Target 4 → 10 USDT+ (only in the case of a new hype cycle)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.