#vinebullish could a recovery pattern emerge soon❓Can #VINE sustain its current support level of $0.138 and reverse the trend upward❓$VINE /USDT Analysis: Bearish Momentum Continues... #VINE is trading at $0.13943, reflecting a sharp 11.13% drop over the last 24 hours. The coin is struggling to find strong support as sellers dominate, with the price testing key levels.
Key Levels to Monitor
Immediate Resistance: $0.1425 – A break above this level could provide relief and signal potential recovery toward $0.1480.
Critical Support: $0.1359 – A breach below this support may drive the price further down to $0.1300 or lower.
Trade Setup
1. Long Entry: Above $0.1425, targeting $0.1480 and $0.1550, with a stop loss at $0.1390.
2. Short Entry: Below $0.1359, targeting $0.1300 and $0.1250, with a stop loss at $0.1380.
Market Insight
The MACD shows bearish momentum, and the SAR dots confirm the downtrend. Traders should remain cautious, as the lack of buying volume indicates continued selling pressure in the near term.
