Jasmyusdt is currently trading within an ascending broadening wedge formation. The immediate support for the price is the pattern bottom trendline, while there is a lateral weak resistance zone around 0.007221.
If the price breaks above this level, the major immediate target for the price is the local resistance area towards 0.015927. The final setup target is the important supply zone around 0.052032.
However, traders should keep an eye on the major support zone as it is a strong support level that, if broken, could lead the price to test a major demand trendline zone.
Therefore, it is important to watch the price action carefully and consider the risk-reward ratio before making any trading decisions.
If the price breaks above this level, the major immediate target for the price is the local resistance area towards 0.015927. The final setup target is the important supply zone around 0.052032.
However, traders should keep an eye on the major support zone as it is a strong support level that, if broken, could lead the price to test a major demand trendline zone.
Therefore, it is important to watch the price action carefully and consider the risk-reward ratio before making any trading decisions.
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Price drop and found a base on the given major support zone, from here we should expect price to aim for immediate resistance area.
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