1. Buying and consolidation areas
• Strong Support Zone (Potential Buy): 2.33 - 2.40 USDT
• This area was a bounce base for the price, and it could be a good buying opportunity if the price returns to it.
• Consolidation zone (medium support): 2.55 - 2.60 USDT
• The current price is close to this area, and if it settles above it, it may be a good point to add positions.
2. Selling and profit-taking areas
• First resistance: 2.95 - 3.00 USDT
• A resistance level is nearby, if the price reaches it it may face some difficulties in breaking through, so some profits can be made here.
• Strong resistance: 3.20 - 3.30 USDT
• A level that has seen a previous bounce, and could be a strong selling point or at least a risk reduction.
3. Technical indicators from the picture
• Relative Strength Index (RSI) = 62.75
• The price is approaching the overbought area (>70), which may indicate a possible imminent correction.
• Moving Averages (MA):
• MA(7) = 2.77: The price is currently below this level, which may indicate a weakening of the upward momentum.
• MA(25) = 2.56: An important support level, if broken downwards it may indicate a deeper correction.
• MA(99) = 2.59: It forms a strong moving support, which may prevent a major decline.
Recommendation
✅ Buy on any drop to 2.40 - 2.50
✅ Strengthen positions at 2.55 - 2.60 if the price stabilizes above them
✅ Gradually take profit at 2.95 then 3.20 - 3.30
❌ Stop loss below 2.30 to protect capital