Support Level (Entry Point): Around 6.354 USDT. This level has been tested and appears to hold, indicating buying interest around this price.
Resistance Levels: There are multiple resistance levels:
6.779 USDT | 7.107 USDT | 7.139 USDT | 7.612 USDT
Recent candlesticks show some bearish pressure with the price retreating from recent highs, yet finding support around the 6.354 USDT level.
Price Targets:
1. Immediate Target: 6.779 USDT, which is the first resistance level after the current support.
2. Secondary Targets: 7.107 USDT and 7.139 USDT. If the price manages to break through these levels, it may reach the next significant resistance at 7.612 USDT.
Bullish Scenario: If the price respects the current support level (6.354 USDT) and bounces back, we can expect a retest of the resistance levels mentioned above.
Bearish Scenario: If the price breaks below the support level, the next potential support would be the previous low, which is around 6.000 USDT.
Resistance Levels: There are multiple resistance levels:
6.779 USDT | 7.107 USDT | 7.139 USDT | 7.612 USDT
Recent candlesticks show some bearish pressure with the price retreating from recent highs, yet finding support around the 6.354 USDT level.
Price Targets:
1. Immediate Target: 6.779 USDT, which is the first resistance level after the current support.
2. Secondary Targets: 7.107 USDT and 7.139 USDT. If the price manages to break through these levels, it may reach the next significant resistance at 7.612 USDT.
Bullish Scenario: If the price respects the current support level (6.354 USDT) and bounces back, we can expect a retest of the resistance levels mentioned above.
Bearish Scenario: If the price breaks below the support level, the next potential support would be the previous low, which is around 6.000 USDT.
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