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Currently, #TFUELUSDT is navigating a pivotal demand zone, hinting at a possible bullish surge. The token has been on a descending resistance trend, but recent price action within the $0.06300 -$0.05600 range shows promising momentum. This zone is essential for sustaining any bullish movement. If price can hold its ground, we could see a push towards the significant resistance level at $0.08 . But if TFUEL can't sustain above the Bullish Order Block at $0.05600 In that scenario, we should prepare for a retest of the lower support at $0.04000. A successful bounce here could set the stage for a strong bullish reversal, possibly leading to a breakout above this major support area. However, caution is key. If price loses momentum and drops below the previous low, it would negate the bullish setup and potentially trigger a substantial price decline.
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#XVS has been trading within a descending channel on a daily timeframe. Throughout this formation, the price has consistently respected the trendlines. We anticipate a significant breakout due to the recent push #XVS received from a successful retest of the channel's lower support. If #XVS can break above the descending resistance, supported by the liquidity at $9, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook. Should the current resistance hold, we might see a retest of the support level at $5. This could provide the necessary rally for a breakout. You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
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Binance Breakout Signal will be posted in 15 Minutes 🔥🔥 Login to your Binance account and Be Ready with USDT to buy the coin Stay Active 📌🔔
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After breaking the static and dynamic resistance, #UMA is now moving above the $2.410 level. The recorded bullish candles are very strong, and the possibility of testing the $3.200-$3 100 level is very high. If the price drops below the current level again, it may enter the downward channel again. In this case, the downward scenario will continue.
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Let's check the #Bitcoin 🪙chart today (the global financial markets are closed. ) The price of Bitcoin has reached the ceiling of the descending channel again in the 4-hour time frame. The periodic resistance of $59,500 has also been broken. The probability of the price returning to the main resistance in the $72,000-$74,000 area is now high as the price has rested well. After breaking the resistance of the channel and returning to it again, you can enter the trade.
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