1. Will we witness a rise?
The current price is close to a historical support level in the 5800 – 5900 USDT range, and if the price maintains this area without breaking it, the possibility of a rise remains.
Relative Strength Indicators (RSI) on the daily frame are leaning towards oversold, which supports the possibility of a rebound.
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2. Entry Point:
An initial entry is possible between 5850 – 5900 USDT, provided the price holds and does not break 5800.
A safer entry after breaking the resistance at 6150 – 6200 USDT with confirmation through strong trading volume.
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3. Stop Loss:
Set an appropriate stop loss below the support at 5650 USDT.
Breaking this level may open the door for a drop towards 5300 – 5000 USDT.
