On the 4-hour chart, the asset is moving near a key support and resistance area. Sellers are actively defending the zone around $31.00, while buyers are currently holding support near $29.00.
💦 A price consolidation above the $31.00 level will open the way for growth towards the strong resistance zone of $34.00–$35.50. Breaking through this range will increase the chances of testing the previous high at $36.74.
💦 If buyers fail to hold the current levels and the price falls below $29.00, a return to deep support zones around $28.00–$27.00 is possible. Losing this range will open the path to the main downside target near $24.00.
While the market balances between $29.00 and $31.00 levels, the nearest movement vector will be determined by the reaction to these key zones. #Toptrader #BinanceHODLer2Z
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