๐จ๐ $AI /USDT AT A CRITICAL JUNCTURE โ CHART BREAKDOWN AND TRADE STRATEGY! ๐๐จ(Best opportunity for short tradeโผ๏ธโผ๏ธโผ๏ธ)
The $AI /USDT pair is currently trading within a descending channel, sitting at $0.3664, down over 10% in the last 24 hours. This price action reveals a clear downtrend, but recent price consolidation around the $0.3660 level hints at a possible reversal or further decline.
Key Levels to Watch:
โข Resistance Zone: $0.4000 โ Breaking above this level would signify a bullish breakout, potentially driving the price up towards $0.4200.
โข Support Zone: $0.3350 โ If price slips below this level, expect a deeper drop, with targets around $0.3100.
๐ Long Entry Strategy:
โข Entry Price: $0.3700 โ Enter on signs of upward momentum.
โข Target: $0.4000, $0.4200
โข Stop Loss: $0.3550 โ Protects against downside breakouts.
๐ Short Entry Strategy:
โข Entry Price: $0.3650 โ Enter if the price fails to sustain near the $0.3700 mark.
โข Target: $0.3350, $0.3100
โข Stop Loss: $0.3800 โ Limits losses if a reversal occurs.
This setup provides a well-rounded approach to trade both breakout and breakdown scenarios, with tight risk management in place.
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