0.0051 USDT
• Breakout area: 0.0014 – 0.0015 USDT
• Upside potential: %255 (up to around 0.0053)
⸻
Support and Resistance Levels:
• Supports:
• 0.00135 – short-term pullback area
• 0.00100 – lower middle band of the channel
• 0.00079 – formation stop level
• Resistances:
• 0.00180 – temporary resistance
• 0.00275 – first technical target
• 0.00510 – the full target area of the formation
⸻
Indicators:
• Volume: The volume has clearly increased over the last 5 days. The break is supported by volume.
• RSI: Heading towards the 60 level, upward momentum may continue.
• EMA: The price may have started to rise above the 50 and 100-day EMAs (even if not visible on the chart).
⸻
Formation Reversal and Scenario:
• Bull scenario: Continuation scenario without a pullback after the channel breakout.
• Correction scenario: Retest of the 0.00135 – 0.00150 band, then continuation.
• Bear scenario: A break below 0.00125 would invalidate the formation and the range of 0.00100 – 0.00079 could be retested.
⸻
4H – 1D – 1W Volume and Momentum:
• 4H: The locomotive of the rise. Short-term buyers are active.
• 1D: Formation breakout confirmed. Volume is validated.
• 1W: Can be interpreted as a long-term reversal signal.
⸻
Trend Direction:
• Short - Medium Term Trend: Upwards
• Long-Term Trend: It may take a few weeks for a reversal confirmation.
⸻
Road Map:
1. 0.00150 - 0.00180: First resistance area, profit taking may occur
2. 0.00275: Key area before the main target
3. 0.0051 – 0.0053: Formation target and major investor profit taking area
⸻
Strategy and Advice:
• Buy: If it retests the upper band of the channel, the 0.00135 area is ideal for buying.
• Stop: Close below 0.00100
• Take profit:
• %40 → 0.00180
• %30 → 0.00275
• %30 → around the 0.00510 area
⸻
Conclusion:
The chart shows a clear breakout and a bullish signal coming with high volume. This structure is technically a textbook channel breakout, with a high target and potential for reversal. For those who watch patiently, this structure offers great potential.
The correction of the rise is inevitable, but the target is very clear. A break retest can be an opportunity.
