$PUFFER USDT Breakout Watch – Buyers Stepping In at 0.0340500
PUFFERUSDT is showing early signs of bullish momentum after the BUY entry at 0.0340500. Let’s break down the technical structure and what could happen next.
Technical Analysis:
Support and Resistance:
Immediate support is holding around 0.0325–0.0330. This zone previously acted as consolidation support and buyers defended it well.
Key resistance is sitting near 0.0360, with a stronger supply zone around 0.0385–0.0400. A clean breakout above 0.0360 could open the door toward the higher resistance zone.
Moving Averages:
Price is attempting to trade above short-term moving averages. If the faster MA crosses above the slower MA and price sustains above both, this confirms short-term bullish continuation.
RSI:
RSI is moving above the 50 level, indicating strengthening bullish momentum. If RSI approaches 60–70, it suggests strong buying pressure but also watch for potential short-term pullbacks near overbought levels.
MACD:
MACD is showing early bullish crossover signals with histogram turning positive. This supports upside continuation if volume remains strong.
Market Sentiment:
Current short-term sentiment is turning Bullish. Higher lows formation suggests accumulation. However, overall structure still needs a confirmed breakout above resistance to fully validate trend reversal.
Strategy:
Entry: 0.0340500 area looks solid if support continues to hold.
Targets: 0.0360 first target, then 0.0385–0.0400 zone.
Invalidation: Daily close below 0.0320 would weaken bullish structure.
Recommendation: Trade, but manage risk carefully. If already in position, consider partial profit near resistance and trail stop loss to protect gains. If not in yet, wait for breakout confirmation above 0.0360.
Momentum is building, but the real move will be confirmed on volume expansion.
Are you accumulating PUFFER here or waiting for a confirmed breakout?
Not Financial Advice (NFA). Always do your own research and manage your risk.
$PUFFER
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