$TWT TWT/USDT: Testing Support Levels Amid Market Pressure 📉
The Trust Wallet Token ($TWT) is experiencing bearish momentum, with the price dipping to $1.107 (-3.94%). Here's a closer look at the market situation:
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🔍 Key Levels to Watch:
Support: $1.100 – A critical level holding the price for now.
Resistance: $1.175 – Bulls need to push through this to regain control.
📊 Parabolic SAR Signals:
The downward trend remains intact, with SAR indicators showing resistance above current levels. However, if $1.100 holds, we might see a short-term bounce.
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💡 Market Outlook:
Traders are advised to exercise caution as the price nears a pivotal zone. A confirmed break below $1.100 could lead to further downside, while a recovery above $1.120 could signal potential upside momentum.
🎯 Trade Wisely:
For long positions, wait for a close above $1.120.
For short positions, monitor for a breakdown below $1.100.
Stay vigilant and always prioritize proper risk management!
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