Anasta Maverick
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Bearish
$PERP /USDT Technical Analysis – Potential Recovery in Sight
$PERP /USDT is trading at 0.6923, showing a 5.19% decline in the last 24 hours. The price has reached a 24-hour low of 0.6820, indicating a strong bearish trend. However, a slight recovery is observed as the price attempts to stabilize.
Key levels to watch:
Resistance: Immediate resistance lies at 0.7000. A breakout above this level could lead to further recovery toward 0.7330.
Support: Critical support is at 0.6820. A breakdown below this level could push the price toward 0.6700.
Trading strategies:
For long positions, consider entries near 0.6820 with targets at 0.7000 and 0.7330. Place a stop-loss below 0.6700.
For short positions, monitor for rejection near 0.7000. If the price drops below 0.6820, targets could include 0.6700, with a stop-loss above 0.7000.
Market insights:
PERP is showing signs of consolidation near its support level after a sharp decline. Increased trading activity could lead to a potential rebound if the support holds. Traders should keep a close eye on key levels for confirmation of the next move.
#CryptoTrump2.0 #SOLNewATH
$PERP /USDT is trading at 0.6923, showing a 5.19% decline in the last 24 hours. The price has reached a 24-hour low of 0.6820, indicating a strong bearish trend. However, a slight recovery is observed as the price attempts to stabilize.
Key levels to watch:
Resistance: Immediate resistance lies at 0.7000. A breakout above this level could lead to further recovery toward 0.7330.
Support: Critical support is at 0.6820. A breakdown below this level could push the price toward 0.6700.
Trading strategies:
For long positions, consider entries near 0.6820 with targets at 0.7000 and 0.7330. Place a stop-loss below 0.6700.
For short positions, monitor for rejection near 0.7000. If the price drops below 0.6820, targets could include 0.6700, with a stop-loss above 0.7000.
Market insights:
PERP is showing signs of consolidation near its support level after a sharp decline. Increased trading activity could lead to a potential rebound if the support holds. Traders should keep a close eye on key levels for confirmation of the next move.
#CryptoTrump2.0 #SOLNewATH
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