$USTC š USTC/USDT Market Update ā Binance (1H Chart)š§āš»š§āš»šÆšÆš„š„šÆšš
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Date: Feb 11, 2025 ā 17:39 UTC
š° Current Price: $0.01671
š Volume: 41.61M
ā” Trend: Bullish Momentum, Testing Resistance
š Key Levelsššššš
š¼ Resistance: $0.01671 | $0.01700
š½ Support: $0.01611 | $0.01501 | $0.01385
š Indicators & Pattern Analysis
ā
Candle Formation:šÆļøšÆļøšÆļø
Breakout attempt near $0.01671 resistance.
If rejected, possible pullback to support levels.
ā
Chart Pattern:šš
Consolidation after strong bullish spike.
A breakout above $0.01700 could trigger more upside.
ā
Moving Averages:šš
20-EMA (Green): Immediate support.
50-EMA (Blue): Holding as medium-term support.
200-EMA (Red): Strong support at $0.01319.
ā
RSI & ADX:
RSI: 60.13 ā Bullish, nearing overbought zone.
ADX: 39.65 ā Strong trend, favoring bulls.
Bullish strength (32.12) > Bearish pressure (10.95).
š Trade Setup
š¢ Long (Buy) ā If Breakout Above $0.01671
š Entry: $0.01670 - $0.01700
š Stop-Loss: $0.01620
š Take-Profit: $0.01800 - $0.01900
ā
Confirmation: RSI staying above 60 + strong volume.
š“ Short (Sell) ā If Rejected Below $0.01671
š Entry: $0.01670 - $0.01650
š Stop-Loss: $0.01700
š Take-Profit: $0.01550 - $0.01500
ā
Confirmation: RSI dropping below 55 + rejection at resistance.
ā³ Trade Duration: 1-6 Hours
š¢ Conclusion:
š Pattern: Bullish Consolidation, Watching Breakout Zone at $0.01671.
ā” Strategy: Buy on breakout above $0.01700, sell if rejection occurs.
š Disclaimer: This is not financial advice. Always conduct your own research and manage risks before trading. š
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