#SwingTradingStrategy

🚨 "USTC About to Explode?! ‘Double Bottom’ Pattern Detected – Get Ready Before It Breaks Above $0.013!" 🚀💥

📊 USTC/USDT Technical Analysis (1-Hour Timeframe)

1. Price Action

The chart displays strong fluctuations with two sharp peaks around June 14–16, followed by a downward correction. The current price hovers around 0.01199 USDT, with short-term support at 0.01180 and local resistance near 0.01240.

Price action is entering a consolidation phase after recent volatility spikes, with reduced movement over the past few days.

2. Relative Strength Index (RSI)

The RSI currently sits at 55.12, indicating moderate strength—neither overbought (>70) nor oversold (<30). This level suggests a neutral stance with a slight bullish bias.

3. Stochastic Momentum Index (SMI)

Current values:

%K: 51.05

%D: 54.26

The SMI is nearing the neutral zone, with a potential bullish crossover forming. If %K crosses and stays above %D, it could signal a short-term upward move.

4. Price Pattern

A potential “double bottom” formation is emerging around 0.01120–0.01140, a classic bullish reversal pattern. However, a breakout confirmation is required above 0.01240–0.01260 to validate a bullish move.

🔎 Technical Summary

Current Sentiment: Neutral to Mild Bullish

Key Levels:

Support: 0.01120 / 0.01180

Resistance: 0.01240 / 0.01300

Strategic Notes (Not Financial Advice):

A breakout above 0.01240 with strong volume could spark a short rally toward 0.01300+.

Failure to hold above 0.01180 increases the risk of a drop back to strong support at 0.01120.

⚠️ Disclaimer

This is general information and not financial advice. For personal investment decisions, please consult a licensed financial advisor.