$NEWT
/TetherUS: Potential Bullish Reversal
The chart indicates NEWT/TetherUS is forming a double bottom pattern, signaling a potential bullish reversal. The price has found support multiple times around the 0.3800 - 0.3810 area, suggesting strong buying interest at these levels. This pattern, combined with the recent bullish candle attempting to break above immediate resistance, points to an impending upward move.
Trade Signal:
* Entry: 0.3840 - 0.3850 (on confirmation of breakout above current resistance).
* Target 1: 0.3957 (previous resistance and a key level).
* Target 2: 0.4050 - 0.4100 (next significant resistance zone).
* Stop Loss: 0.3764 (below the recent low, invalidating the pattern).
Market's Next Move: Bullish. The confirmed double bottom pattern strongly suggests an upward trajectory.