HFTUSDT is evidently in the midst of a strong downtrend, having already traversed through 4 out of its predicted 5 downward wave legs.
One of the most notable areas on our chart right now is the immediate resistance level. As the price nears this zone, it presents a promising short opportunity, assuming the resistance holds firm.
However, while this resistance level is paramount, we shouldn't overlook the subtler resistance zone as plotted on the chart. A breakout above this level could disrupt our anticipated downward trajectory. Such a breakout might indicate that the bearish momentum is waning, so it's essential to remain vigilant.
Additionally, for those looking at potential accumulation points, the drop target illustrated on the chart is of great interest.
This region not only outlines our primary bearish goal but also emerges as a valuable zone for coin accumulation. For longer-term perspectives, this area might pave the way towards our mid-term target, which is also highlighted.
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