🚨 $S /USDT ALERT: Testing Key Resistance at $0.4767! 🚨
$S /USDT is trading at $0.4723, up 8.55% today, with bullish momentum building. The price is nearing its 24-hour high of $0.4767, indicating a possible breakout.
Key Levels to Watch:
Resistance: $0.4767 – A breakout above this level could target $0.48 and $0.50.
Support: $0.46 – Holding above this level is crucial to maintain bullish momentum, with $0.45 as the next key support.
Trade Setup:
Long Entry: Above $0.475, aiming for $0.48 and $0.50.
Short Entry: Below $0.46, targeting $0.45 and $0.44.
Risk Management:
Stop-loss: $0.465 for longs and $0.47 for shorts.
Market Insight:
The MACD shows increasing bullish momentum, with volume supporting further upside potential. However, caution is advised around resistance levels for potential pullbacks.