$Tok/USDT Trading Signal - Testing Key Resistance
Current Price: $15.557
24H Range: $15.278 - $16.481
Analysis:
The token is consolidating near the 7 EMA ($15.586) but remains below the 25 EMA ($15.722) and 99 EMA ($16.379), signaling bearish pressure. Recent price action shows a possible bottom at $15.278.
Potential Setup:
Entry Zone: $15.450 - $15.600
Targets:
Target 1: $15.850
Target 2: $16.200
Target 3: $16.450
Stop Loss: $15.150
Observation:
A successful breach of $15.600 could lead to a bounce toward the higher EMA levels. Failing to hold $15.450 might result in a retest of $15.278 or lower.
Actionable Advice:
Watch for volume spikes at $15.600 for confirmation.
Set stop-loss orders to secure capital in case of unexpected reversals.
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