$SUPER / USDT â Fighting Resistance! đĒ
$SUPER is currently trading at $0.6926, showing a modest gain of +2.21%. The 4-hour chart shows the price attempting to break above the $0.7000 resistance level. It has tested this level multiple times recently.
Potential Scenario:
Observation: $SUPER has been making higher lows, suggesting increasing buying pressure. However, the $0.7000 level is acting as a significant hurdle. A successful break could lead to further gains.
Possible Trade Considerations (Watch for Breakout):
Entry: Consider potential entries on a confirmed break above $0.7000 with increasing volume. Alternatively, look for a potential bounce off support around $0.6850 if the resistance holds.
Target 1 (if breakout): $0.7100
Target 2 (if breakout): $0.7200
Final Target (if breakout): $0.7300+ (testing previous highs)
Stop Loss (if breakout entry): Place a stop-loss below the breakout level, perhaps around $0.6950.
Stop Loss (if bounce entry): Place a stop-loss below the $0.6850 support, perhaps around $0.6800.
Key Observation: The $0.7000 level is crucial. Monitor for strong buying volume on any attempt to break through it.
Remember to conduct your own thorough analysis before making any trading decisions.
