$HUMA
/USDT: Bullish Reversal in Play
The HOMA/USDT chart on the 15-minute timeframe indicates a strong bullish reversal. The price has formed a clear "W" pattern (double bottom) around the 0.03041 level, signaling exhaustion of selling pressure and the initiation of an uptrend.
* Entry Level: Consider entries around 0.03150 - 0.03160 on a slight pullback or confirmation of sustained upward momentum.
* Target Level: Initial target at 0.03217 (24h high). A break above this could see further upside towards 0.03250 - 0.03300.
* Stop Loss: A tight stop loss should be placed below the recent low of the "W" pattern, ideally around 0.03090 - 0.03080 to manage risk effectively.
Market's Next Move: Bullish. The "W" pattern, combined with the recent strong green candles, suggests the market is poised for further bullish movement in the short term.