AI16Z / TETHERLong
AI16Z/USDT 1H: Bulls Targeting $1.20 After Breakout
AI16Z/USDT 1H Chart Analysis
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Current Price: ~$1.03
Market Structure:
Key Levels:
Resistance:
Momentum Indicators:
Trade Setup (Confidence Level: 8/10):
Notes:
Recommendation:
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Current Price: ~$1.03
Market Structure:
- Bullish breakout from the discount zone with strong upward momentum.
Key Levels:
- Support: $0.95 (Fair Value Gap - FVG).
Resistance:
- T1: $1.15 (Equilibrium).
- T2: $1.20 (Premium zone).
- Stop Loss: Below $0.92.
Momentum Indicators:
- RSI: 69.48, showing strong bullish momentum but nearing overbought territory.
Trade Setup (Confidence Level: 8/10):
- Entry Zone: ~$1.03 (current price) or pullback to $0.95.
- Targets:
- T1: $1.15
- T2: $1.20
- Market Maker Analysis:
- Accumulation at the discount zone suggests preparation for a push higher.
- Distribution expected near $1.15-$1.20.
Notes:
- No hidden divergences currently, but monitor RSI for potential bearish divergence at resistance.
- Risk score: 7/10 due to RSI nearing overbought levels.
Recommendation:
- Long position favored with tight risk management.
- Watch for volume confirmation and price reaction near $1.15.
- Confidence Level: 8/10 for bullish continuation.
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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.
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.