đ¨$POPCAT/USDT BREAKDOWN â CRUCIAL ENTRY POINTS FOR TRADERSđ¨
The POPCAT/USDT chart on the 15-minute timeframe shows a descending channel, with price consolidating around $1.2398, creating a pivotal moment for potential traders.
đ Support Level: Strong support is established around $1.22 USDTâa key level where a bounce could spark bullish momentum.
đ§ Resistance Zone: Immediate resistance lies at $1.28 USDTâa breakout above this level could push the price toward the upper boundary of the channel, targeting $1.34 USDT.
đ Trade Strategy:
⢠Long Entry: If price breaks $1.28 USDT, consider entering long, targeting $1.34 USDT with a stop-loss at $1.22 USDT to manage risk.
⢠Short Entry: If price fails to hold $1.22 USDT, short positions can be placed with a target of $1.20 USDT and a stop-loss at $1.25 USDT.
đ Analysis: With POPCAT/USDT trading within this descending channel, look for price action near these levels to confirm momentum shifts. A strong breakout or breakdown could set the tone for the next moveâstay alert! #BTCSoarsTo68K #WhichMemeCoin? #MemeCoinTrending #CanaryLitecoinETF #USStockEarningsSeason