LEVER/USDT Testing Fibonacci Resistance | Key Levels in Play!
Description:
👋 Hello traders! Let’s take a closer look at **LEVER/USDT**, which is showing some interesting price action at critical levels.
Currently, the price is testing the **0.618 Fibonacci level ($0.0023)**, acting as a **resistance**. With **Parabolic SAR dots 🟢** below the price and bullish momentum building, LEVER could be gearing up for a breakout. The **200-day moving average (red line)** is nearby, adding to the resistance zone.
The **MFI (Money Flow Index) 💰** sits at **68.63**, indicating healthy buying pressure but nearing overbought conditions. The **OBV (On-Balance Volume) 📈** shows steady accumulation, supporting a potential bullish continuation.
Key Levels to Watch:
- **Support**: $0.0020 (recent breakout level, now acting as support).
- **Resistance**: $0.0023 (0.618 Fibonacci level) and $0.0029 (0.5 Fibonacci level).
What to Watch:
- 🟢 **Breakout Above $0.0023**: Could open the path to $0.0029 or higher.
- 🛑 **Rejection at $0.0023**: A pullback to $0.0020 (support) or even $0.0018 (lower support) may follow.
Takeaway:
LEVER/USDT is at a key resistance zone. If buyers can push the price above $0.0023, the bullish trend may accelerate. However, a rejection could lead to a healthy retracement.
What’s your take on this setup? Let me know in the comments! 💬 Feel free to **boost, share, or comment** if you found this analysis helpful! 🚀✨
👋 Hello traders! Let’s take a closer look at **LEVER/USDT**, which is showing some interesting price action at critical levels.
Currently, the price is testing the **0.618 Fibonacci level ($0.0023)**, acting as a **resistance**. With **Parabolic SAR dots 🟢** below the price and bullish momentum building, LEVER could be gearing up for a breakout. The **200-day moving average (red line)** is nearby, adding to the resistance zone.
The **MFI (Money Flow Index) 💰** sits at **68.63**, indicating healthy buying pressure but nearing overbought conditions. The **OBV (On-Balance Volume) 📈** shows steady accumulation, supporting a potential bullish continuation.
Key Levels to Watch:
- **Support**: $0.0020 (recent breakout level, now acting as support).
- **Resistance**: $0.0023 (0.618 Fibonacci level) and $0.0029 (0.5 Fibonacci level).
What to Watch:
- 🟢 **Breakout Above $0.0023**: Could open the path to $0.0029 or higher.
- 🛑 **Rejection at $0.0023**: A pullback to $0.0020 (support) or even $0.0018 (lower support) may follow.
Takeaway:
LEVER/USDT is at a key resistance zone. If buyers can push the price above $0.0023, the bullish trend may accelerate. However, a rejection could lead to a healthy retracement.
What’s your take on this setup? Let me know in the comments! 💬 Feel free to **boost, share, or comment** if you found this analysis helpful! 🚀✨
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