BULLISH POTENTIAl - 1000RATSUSDT
Support and Fibonacci Confluence:
The price is consolidating near the 0.382 Fib level (0.10471), which often acts as a significant retracement support in a bullish continuation setup. This zone can provide a strong launchpad for further upside.
Upside Potential:
First target (TP1): The Fib 1.0 level (0.17383) aligns with a key resistance zone from the past. This is a logical area to secure partial profits as the price may face sellers here.
Second target (TP2): The Fib 1.618 extension (0.24295) is the next major resistance level, offering a strong reward-to-risk ratio for holding a portion of the position.
Stop Loss Placement:
The stop-loss is set at 0.06199 (Fib 0 level), below the swing low, ensuring the setup remains valid unless significant bearish momentum invalidates the structure.
The price is consolidating near the 0.382 Fib level (0.10471), which often acts as a significant retracement support in a bullish continuation setup. This zone can provide a strong launchpad for further upside.
Upside Potential:
First target (TP1): The Fib 1.0 level (0.17383) aligns with a key resistance zone from the past. This is a logical area to secure partial profits as the price may face sellers here.
Second target (TP2): The Fib 1.618 extension (0.24295) is the next major resistance level, offering a strong reward-to-risk ratio for holding a portion of the position.
Stop Loss Placement:
The stop-loss is set at 0.06199 (Fib 0 level), below the swing low, ensuring the setup remains valid unless significant bearish momentum invalidates the structure.
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