$S Testing Key Support – Rebound or Breakdown?

The $S pair is currently testing the lower boundary of a parallel channel on the daily timeframe, making this a crucial level for traders to watch.

🔹 Support Zone: $0.38

🔹 Structure: Price is respecting a descending parallel channel

🔹 Outlook: A successful bounce from the current level could target $0.61 in the short to mid-term.

⚠️ However, failure to hold this level may result in a breakdown, potentially opening the door to further downside.

📊 Technical Outlook Summary:

A rebound here would confirm the channel’s validity

RSI is nearing oversold territory, favoring a possible bounce

Watch for volume confirmation before entering

📣 Are you bullish or bearish on S from here?

Drop your thoughts below! 👇

#SUSDT #CryptoTrading #TechnicalAnalysis #WeakToWhale

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