$DATA
/USDT Technical Analysis: Potential Reversal at Support
The DATA/USDT chart indicates a potential bullish reversal brewing around current levels. After a significant decline from the 24-hour high, the price is testing a previous support zone, forming what could be the early stages of a "W" bottom or double bottom pattern.
Key Levels:
* Current Price: $0.01657
* 24h High: $0.01835
* 24h Low: $0.01523
Analysis:
The asset has experienced a pullback, finding potential support near the $0.0160-$0.0165 region, aligning with previous price action. Increased buying volume at these levels could confirm a short-term bottom and propel the price upwards.
Entry & Target:
* Entry Level: Look for confirmation of a bounce from the $0.0160-$0.0165 zone. A break above $0.0170 with volume would confirm bullish momentum.
* Target 1: $0.0175 - $0.0180 (initial resistance)
* Target 2: $0.01835 (24h high, a strong breakout target)
Stop Loss:
* Stop Loss: A tight stop-loss below the recent swing low at $0.0158, or a more conservative stop below the 24-hour low of $0.01523, is crucial for risk management.