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Mr_Rkz_Crypto
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Bearish
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i think BTC Next move
down 📉
@Square-Creator-6ad2d8498ee8
#Write2Earn
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$TFUEL #TFUEL/USDT #Write2Earn! #writetoearn Theta Fuel (TFUEL) against Tether (USDT) on the daily timeframe from Binance 1. Key Levels: - Support Levels: - Around $0.0400 (marked in red) is a strong support area. - Resistance Levels: - The purple box around $0.0800 indicates a significant resistance area. - The blue line near $0.13418 represents a potential long-term price target/resistance if the price breaks upwards. 2. Trend Analysis: - The downward sloping yellow trendline indicates a bearish trend over time, with multiple rejections at the trendline. - A breakout above this trendline (which appears to have happened) could indicate a potential trend reversal. 3. Moving Averages: - The chart includes a 50-day MA (blue line) and potentially another longer-term MA (red line). Crossing these averages could signal a change in momentum. 4. Trading Volume - Volume seems relatively low compared to earlier spikes, indicating that more strength is needed to confirm the breakout. 5. Buy/Sell Recommendations: - Buy Trigger: Price action above $0.0695, aligned with a breakout from a downtrend, could support a bullish outlook. - Sell Trigger: If the price drops below $0.0588, the bearish trend could resume. 6. What to Watch - Keep a close eye on $0.0800. If TFUEL closes above this resistance area with high volume, it could signal a move towards $0.13418. - Keep an eye on any bearish reversal patterns near resistance areas.
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