$DF

The next resistance is on the horizon!

DFUSDT has formed a strong V-shaped recovery from recent lows, indicating the potential for a trend reversal. It is currently trading at $0.02983, and the bulls are pushing towards the key resistance, suggesting more upward momentum if broken.

🔑 Key levels:

Support: $0.02850 – Recent consolidation and bounce area

Resistance: $0.03020 – Immediate hurdle to overcome for continued upward movement

Current price: $0.02983

🎯 Trade setup (long):

Entry area: $0.02960 – $0.03000 (wait for a slight correction or confirmation of the breakout)

Take profit targets:

TP1: $0.03050

TP2: $0.03120

TP3: $0.03200

Stop loss: $0.02840

📈 Market outlook: Trend reversal to bullish on the hourly timeframe with higher highs forming quickly after a sharp rebound. Momentum is strong, and a clean breakout above $0.03020 could lead to quick gains towards mid $0.03 levels. Traders should monitor volume to confirm the strength of the breakout.

⚠️ Risk management: Use an appropriate lot size and avoid excessive leverage. Only risk 1-2% of your total capital per trade to ensure long-term sustainability and reduce drawdown during volatility.