According to the 4-Hour Chart
đȘResistance Level (49.77): The price's pullback when it reaches this level indicates that 49.77 is a strong resistance point. This shows that buyers are having difficulty pushing the price up at this level and that selling pressure is likely to increase.
đŠSupport Level (46.88 - 47.37): This range is an important area with the potential to bounce back if the price declines. If the price does not fall below this level, this is considered a reliable support point.
đđLooking at the Price Movements, the price's pullback from the 50 USDT level reveals that market participants are having difficulty overcoming this level. A return from the support area is expected, meaning that the price is likely to rise again from this area. Arrows up âŹïžâ
đđEMA (46,10) levels Short-term upward trending EMA has the potential to increase the price. LONG can be tried from here...
