$NFP /USDT 4H Chart Analysis 📈
Current Price: 0.1048 (-1.13%)
The chart shows a strong uptrend since April 21, peaking at 0.1100 on May 13, followed by a slight pullback. Price remains above the 50-period SMA, indicating a bullish trend, but momentum has slowed with lower volume.
🔑 Key Levels:
Support: 0.1000 (previous support) and 50-period SMA (~0.0950).
Resistance: 0.1100 (recent high).
📉 Scenarios:
Bullish: Hold above 0.1000 and break 0.1100 could target 0.1200.
Bearish: Break below 0.1000 may lead to a correction toward 0.0900.
Volume spiked during the uptrend but has dipped recently, signaling caution. Watch for a break above 0.1100 for continuation or a drop below 0.1000 for a deeper pullback. What’s your take? 👀
