š $THE /USDT TRADE SIGNAL (LONG Setup)
š„ Market Overview:
Price has broken out of a downward channel (highlighted in red). This is often a reversal signal. After a strong push off the lows (~0.3680), the market is consolidating just below resistance. Next key level sits near 0.4200.
š Key Levels:
Support: 0.3800 ā 0.3850
Resistance 1: 0.4000
Resistance 2: 0.4200
š Trade Setup: Long Position
Entry Zone: 0.3900 ā 0.3940 (current consolidation after breakout)
šÆ TP1: 0.4000
šÆ TP2: 0.4200
Stop Loss: 0.3800 (below support and breakout point)
š” Market Outlook:
As long as price holds above 0.3800, the breakout is valid. First test is at 0.4000; if it clears that level, the move toward 0.4200 is in play. A break below 0.3800 would invalidate the setup and could send it back into the prior downtrend.