The price is in a downtrend
The price is in a downtrend, indicated by the descending trendline. Currently, the price is in the short-term support area and needs to break the descending trendline and the resistance level at $0.029400 to continue its upward movement. Increased trading volume at support points can indicate strong buying.
The key support level is at $0.015950, which has previously acted as support. The resistance level to watch is at $0.029400, and breaking this level is essential for continuing the upward trend.
For short-term traders, a break and consolidation above the descending trendline could lead to a new upward movement. Long-term traders should monitor lower support levels like $0.011120 and consider re-entering the market if higher support levels are broken.
The key support level is at $0.015950, which has previously acted as support. The resistance level to watch is at $0.029400, and breaking this level is essential for continuing the upward trend.
For short-term traders, a break and consolidation above the descending trendline could lead to a new upward movement. Long-term traders should monitor lower support levels like $0.011120 and consider re-entering the market if higher support levels are broken.
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.