$DATA /USDT-Modest bullish rebound after recent dip.
Support / Resistance:
Support: Around $0.0161, formerly a pivot and now respected as short-term floor.
Resistance: Near $0.0167–$0.0168, aligned with both the 30-day SMA and 61.8% Fibonacci retracement level.
Fibonacci Levels
Retracement Status: Price is approaching the 61.8% retracement zone, a critical level for assessing further upside or reversal chances.
Price Zones:
Support: ~$0.0161 (recent floor)
Resistance / retracement zone: $0.0165–$0.0167
RSI
Value: RSI currently sits around 47.3, right in the neutral zone not overbought, not oversold.
Interpretation: This neutrality suggests that while momentum is returning, there’s room for upward movement without overstretching. Bulls need to see RSI break above 50 for confirmation.
Entry Zones
Safer: Around $0.0161–$0.0163, close to established support and below the retracement zone.
Aggressive: Around $0.0164–$0.0165, just beneath the 61.8% Fibonacci level—higher risk, but earlier entry ahead of a potential breakout.
Take-Profit Zones
TP1: $0.0167–$0.0168, where 30-day SMA and Fibonacci resistance converge.
TP2: If beaten, eye $0.0172–$0.0175 as the next upward zone of interest. These would require volume confirmation to sustain movement.
Stop-Loss Ideas
Conservative: Just below key support at $0.0160, safeguarding against downside spill.
Tight: Around $0.0163, a narrower buffer for short-term traders aiming for agility.
Trend Mild bullish rebound
Fibonacci Resistance at $0.0165–$0.0167
RSI 47.3 (neutral, room for upside)
Entry Zones Safer: $0.0161–$0.0163 | Aggressive: $0.0164–$0.0165
Take-Profits TP1: $0.0167–$0.0168 | TP2: $0.0172–$0.0175
Stop-Loss Conservative: $0.0160 | Tight: $0.0163
