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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