📉 $AUDIO /USDT – Potential Reversal or Just a Dead Cat Bounce? 🎧📊
$AUDIO has shown a slight recovery after hitting a local bottom at $0.0601, bouncing back to $0.0629 (+0.96%) on the 4H chart. But caution is key.
🔍 Technical Analysis Highlights:
📉 Downtrend Still Intact: Price remains below the 25 MA ($0.0649) and the 99 MA ($0.0678), signaling continued bearish pressure.
🔁 Short-Term Rebound: MA(7) has started curling upwards, indicating potential short-term buying interest.
🔻 Major Resistance: $0.0657 (24H high) acts as a key resistance. A break above it may confirm trend reversal.
📉 Strong Support: Local support confirmed around $0.0600 — a break below may lead to further downside.
💼 Trading Plan:
🔸Short-Term Strategy (Scalp):
📍 Entry: $0.0625–$0.0630
🎯 TP1: $0.0645
🎯 TP2: $0.0655
🛑 SL: $0.0605
🔸Medium-Term Strategy (Trend Reversal Watch):
📍 Entry: On breakout above $0.0660 with volume
🎯 TP1: $0.0685
🎯 TP2: $0.0710
🛑 SL: $0.0635
📌 Risk Management Tip: Use tight stop-losses and wait for confirmation before entering breakout trades.
🚨 Market remains volatile — stay alert and always trade with a clear plan!
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