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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB!$BTC
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Hedge kar lo bhai uptrend mai hai
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🔍 Key Observations 1. Descending Channel Breakout Pattern (Bullish) The current price action is forming a falling wedge or descending channel. A breakout from this structure typically signals a bullish reversal. Price is currently near support and consolidating, which often precedes a breakout. 2. Strong Support Zone Price is sitting on a horizontal demand zone between roughly 0.19 - 0.29 USDT. This level has previously acted as support and is highlighted with a yellow box. Buyers are likely to defend this zone. 3. Resistance Zones and Targets Immediate resistance near 0.50 – 0.55 USDT (top of the wedge and horizontal resistance). Next major resistance levels: 1.15 USDT (horizontal resistance from prior highs). 1.52 USDT (final target area). 2.10 USDT (extended Fibonacci or projection target). These levels are shown with purple and blue markings on the chart. 4. Target Projections 0.8248 USDT Gain from breakout to 1.15 USDT suggests a ~203% move. Further potential to 2.10 USDT, implying 63% additional gain from 1.29 USDT. 📉 Current Price: 0.2917 USDT Very close to the support base and lower boundary of the falling channel. A good risk-reward setup if price confirms breakout with volume. ✅ Bullish Signals Falling wedge nearing breakout. Consolidation at strong support. Historical bullish move from same demand zone. Long-term upside potential if 0.50 and 1.15 break. ❌ Bearish Risks Breakdown below 0.1939 USDT would invalidate bullish structure. Market-wide sentiment (BTC/ETH crash) could suppress breakout. 📌 Strategy Ideas Entry zone: Near 0.29–0.31 USDT (on breakout confirmation). Stop-loss: Below 0.19 USDT. TP1: 0.55 USDT TP2: 1.15 USDT TP3: 1.52–2.10 USDT (long-term target) @Crypto Simbha @BullishBanter #FOMCMeeting #SparkBinanceHODLerAirdrop $ENA
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CZ said: “Investing in crypto is risky. Not investing in crypto is also risky.” Do you agree? #GENIUSAct #BinanceAlphaAlert #Bitcoin #ETH #CryptoNews #Powell #Trump2024 #BTCRebound #USStockDrop #CryptoMarket #BNB #CryptoPrediction #BinanceSquare $BTC
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