📊 Current Price: ~105,108 USDT
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🔵 Support Zone (Highlighted in Purple)
Zone Range: ~102,500 – 103,800 USDT
💡 Historical Significance:
This zone has acted as a strong support multiple times (📍June 13 & June 4), marking clear demand and buyer interest.
🛡️ Buyers stepped in strongly, causing sharp price reversals from this level.
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🔴 Resistance Zone (Highlighted in Blue)
Zone Range: ~109,500 – 111,000 USDT
🔼 Marked with multiple failed breakout attempts (📍May 21 and projected again around June 18-20).
⛔️ Sellers dominate this zone, causing price rejection each time it was tested.
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🔁 Rounded Bottom Formation (Cup Pattern?) ☕️
⚙️ A smooth rounded recovery pattern is forming, indicating accumulation and potential bullish continuation.
📈 If price sustains and retests the resistance again with momentum, we may see a breakout attempt.
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🧭 Key Takeaways
Indicator Insight
🟣 Support Well-defined, historically respected zone. Good risk/reward for long entries.
🔵 Resistance Strong sell pressure zone. Needs breakout for bullish confirmation.
☕ Pattern Rounded bottom = bullish setup if volume supports the breakout.
📆 Watch Zone June 17–20 – potential resistance retest.
🔔 Risk Area Failure to hold mid-range (~105K) could lead to a retest of support.
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🚀 Bullish Scenario
✅ Break and close above 111,000 USDT with volume.
📍 Target: 113,500–115,000 USDT 📈
🐻 Bearish Scenario
❌ Rejection at resistance again.
📍 Retest of support zone ~103,000 USDT or below.