Sharp rise in USDT price - Is this reversal just the beginning?

The USDT pair has seen a sharp increase on the one-hour chart after a prolonged downtrend, indicating the possibility of a reversal if momentum continues above current resistance levels.

🔑 Key levels:

Support: $1.007

Resistance: $1.046 (highest price in 24 hours)

Current price: $1.043

📈 Trading setup (buy):

Entry zone: $1.040 - $1.045

Targets (take profit):

➤ Take profit 1: $1.050

➤ Take profit 2: $1.058

➤ Take profit 3: $1.065

Stop loss (SL): $1.015

📊 Market outlook:

The BAR stock broke through a strong bullish candle after strong selling pressure, indicating a potential trend reversal. If the stock maintains stability above $1.040, it is likely to see further upside. However, instability in this area may lead to a retest of lower support levels.

⚠️ Risk management:

Risk only 2-5% of your capital on each trade with a fixed stop loss. Avoid emotional entries during sudden spikes; wait for confirmation candles for a better risk-to-reward entry.

💬 Comment 💥 if you noticed this strong movement today!