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$1 soon ❗$S /USDT – Breaking Out or Facing Resistance❓ $S is up 16.33 percent, making a strong push to its 24-hour high of $0.7880. The momentum is bullish but a key resistance level is ahead.
{spot}(SUSDT)
Key Levels to Watch
Resistance: $0.7900 – A breakout could push S toward $0.8100 and $0.8350.
Support: $0.7500 – If this level fails, expect a drop to $0.7250 and $0.7000.
Trade Setup
Long Entry: Above $0.7900, targeting $0.8100 and $0.8350.
Short Entry: Below $0.7500, aiming for $0.7250 and $0.7000.
Stop Loss: $0.7600 for longs, $0.7800 for shorts.
Market Insight
MACD remains bullish, supporting continued upward movement.
Parabolic SAR confirms the ongoing uptrend.
Volume remains strong, indicating sustained buying interest.
If S breaks above resistance, expect further gains. However, failure to sustain this momentum may lead to a pullback.