The price is currently consolidating after a prolonged downtrend and shows signs of a potential trend reversal.
The price has broken out of a falling wedge (bullish pattern).
Currently testing the Fibonacci retracement levels — most notably the 0.5 - 0.618 zone, which may act as a pullback entry zone.
📌 Key Buy Zone: Retest of the breakout near the 0.618 Fibonacci level (~0.55 - 0.60) could offer a strategic entry if confirmed by price action.
🎯 Upside Targets:
1st Target: 1.0966 USDT
2nd Target: 1.3328 USDT
3rd Target: 1.6212 USDT
Invalidation: Break below the support zone near 0.45 would invalidate this setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.