Long-term trading signal for pair $T /USDT - A strong bounce from the key support area!
The pair $T is currently trading at $0.01606, up 5.31% for the day, after a sharp rebound from the support level of $0.01500. The one-hour chart shows consistent bullish candles with an increase in trading volume, and the price is now targeting the resistance level of $0.01647 for a potential breakout. This renewed momentum indicates a promising upward trend for traders during the day and in the short term.
Trading Setup (Long):
Entry Price: $0.01585 - $0.01610
Target 1: $0.01660
Target 2: $0.01720
Target 3: $0.01790
Stop Loss: $0.01520
Why Buy?
The price has recovered from a downtrend that lasted several days, and it is now building a base above the one-hour exponential moving average line. A breakout pattern is forming as the pair approaches a short-term resistance level with supporting trading volume - a clear signal of the bulls' return.
Risk Management Advice:
Stick to the entry zone only. Avoid chasing if the price rises too quickly - wait for a retest. Follow the stop loss after the first profit target to secure gains.
Don’t let this breakout pass without taking advantage of it - enter smartly, and exit with wealth!
Capitalize on the momentum before it fades - profits favor the brave!
