🚀 $C / USDT 4H View — Are chains breaking, or are resistances stronger? 🔍📉
#Chainbase $C @Chainbase Official
Chainbase's local token $C has finally begun to show signs of recovery after the last bearish wave. The price is currently trading at $0.3017, and bulls are trying to gather strength with a reaction from the lows. However, there are still serious barriers that need to be overcome for the continuation of short-term bullishness.
📈 Price Movement:
Current level: $0.3017
Although a reaction rally has begun, is this just a "breather" or a precursor to a larger breakout?
🎯 Resistance Levels (Areas to Watch Above):
1️⃣ $0.3230 → An important technical level coinciding with MA 99. It can determine the direction of the trend.
2️⃣ $0.3550 → Last rejection zone. Buyers had lost strength here in the past.
3️⃣ $0.4200 → A strong supply zone left from the previous bullish wave. This area needs to be reached for a safe trend reversal.
🛡️ Support Levels (Critical Areas Below):
1️⃣ $0.2890 → The area where MA 25 crosses. For now, serving as short-term support.
2️⃣ $0.2670 → Weekly low level. The second defense line for buyers.
3️⃣ $0.2300 → Structural support. If this breaks, the technical structure will be severely disrupted.
🧠 Market Trend: The current outlook is cautiously optimistic.
If the price breaks the $0.3230 resistance with volume and closes above it, we can say that the bulls have taken the wheel again. Otherwise, this movement may remain just a reaction rally.
🔎 Note to Investors:
It is important not to be deceived by volume-less breakouts.
The movement above MA 99 must be sustainable for a reliable trend reversal signal to be received.
It is important to clearly define stop levels in low time frame operations!
💬 $C can it rise from this level, or is a new rejection on the way?
We are waiting for your thoughts in the comments! 📉📈
