#ShariaEarn This is a 4-hour candlestick chart for Pippin/USDT trading on the , showing key technical levels and potential trade setup. Here’s a breakdown:
🔍 Key Details from the Chart:
Current Price:
Around 0.019792 USDT.
Resistance Levels:
Immediate resistance: ~0.020000 — marked as a recent high.
Major resistance/target: 0.034422 USDT (in red) — a long-term bullish target.
Support Levels:
First support: 0.018204 USDT (in blue) — previously a resistance zone turned support.
Major support: 0.017712 USDT (green horizontal line) — a key support area.
Stop-loss zone: 0.015490 USDT (in orange) — potential invalidation level.
Recent Price Action:
Strong bullish breakout from ~0.0177 to 0.0200, a 11.02% move.
Price now consolidating slightly below the breakout point.
📈 Interpretation:
Bullish Bias: The breakout above the 0.0177 resistance suggests potential upside.
Entry Idea: Enter around 0.0182–0.0197, targeting 0.0344.
Risk Management: Consider 0.0155 as a stop-loss level to manage downside risk.
Would you like a detailed trading plan (entry, TP, SL) or an updated projection based on this setup?