$HOME

Potential bullish reversal for the USDT pair - Can buyers maintain this breakout? 🚀

The recent sharp bullish candle for the $HOMEUSDT pair indicates strong buying interest after a long downtrend. The market shows signs of a potential short-term reversal if the momentum continues above key levels.

🔑 Key Levels:

Support: $0.01900

Resistance: $0.02000 - $0.02050

Current Price: $0.01959

🎯 Trading Setup (Long-term Entry):

Entry Zone: $0.01950 - $0.01960

Take Profit (TP):

TP1: $0.02000

TP2: $0.02040

TP3: $0.02080

Stop Loss (SL): $0.01920

📈 Short Market Outlook: The price action formed a strong bullish engulfing candle on the hourly timeframe, indicating the possibility of a breakout if trading volume continues to support this rise. Look for a clear breakout above $0.02000 to confirm the continuation of the bullish trend, but be cautious of false sell-offs given the recent sideways structure.

⚠️ Risk Management: Always use tight stop-loss orders, and risk only 1-2% per trade, adjusting targets according to market volatility.