🚀 Bullish Breakout Watch – $C /USDT @Chainbase Official 🚀
$C is hovering just above its 24h low after a sharp drop, with buyers eyeing a potential reversal if momentum shifts in their favor. A break above near-term resistance could spark a swift recovery toward recent highs.
Key Levels:
Immediate Resistance: $0.2650 – $0.2660
Major Resistance: $0.2870 (24h High)
Support Zone: $0.2571 (24h Low)
Critical Support: $0.2555
Trade Setup (Breakout Strategy):
📈 Entry: Above $0.2650 with strong volume confirmation
🎯 Targets:
TP1: $0.2720
TP2: $0.2800
TP3: $0.2870
🛡 Stop Loss: $0.2550 (below critical support)
Market Sentiment:
📊 The sell-off found support near $0.2570, indicating possible exhaustion from sellers.
If bulls reclaim $0.2650, momentum traders could pile in, pushing price toward key resistance levels.
⚡ Watch for a bullish engulfing candle on the 30m chart — that could be the ignition signal for the breakout move.
Risk Reminder: Maintain discipline on stop losses and avoid chasing after large green candles without confirmation.
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