๐ค๐ธ๐ COMBO/USDT Analysis: Support, Resistance, and Entry Strategy
1. Support and Resistance Levels:
- Support: The recent price surge found strong support around $0.3968, preventing further downside.
- Resistance: The $0.4016 level acted as a resistance, limiting upward movement.
2. Current Situation:
- The current price is approximately $0.3982.
- Previous Close: $0.3958 (MA60).
3. Entry Strategy:
- Consider a breakout strategy:
- Buy Entry: If the price breaks above $0.4016 (resistance), target $0.4050.
- Stop Loss: Set below $0.3968 (support).
4. Attractive Pattern:
- The recent bullish momentum suggests a potential cup and handle formation.
- Keep an eye on volume and MACD for confirmation.
Remember, always adapt your strategy to changing market conditions. Happy trading! ๐๐
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