#TRUUSDT's Potential Uptrend with Fibonacci Play
Updated
💎Today's spotlight is on #TRUUSDT. The token has recently anchored its support at the $0.030 mark, aligning nearly perfectly with the 78.6% Fibonacci retracement level. Before this stabilization, #TRU sketched out a double bottom pattern. This pattern, followed by a surge past the local resistance, hints at a possible trend reversal.
💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback.
💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest.
💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
💎 What does this mean for traders? The scales now seem to tip towards an upward correction. As long as the price stays comfortably above the double bottom region, specifically above the $0.026 trough, we can anticipate a robust upward pullback.
💎 On the resistance front, our eyes are set on another 78.6% Fibonacci retracement level at $0.037. This level intriguingly mirrors the downtrend trendline, making it a key point of interest.
💎 However, a word of caution: The MCP team remains vigilant about today's low, marked by the Fibonacci bounce. A descent below this point might cast shadows on the prospective upward correction.
Trade closed: target reached
💎After two months of patient anticipation, #TRUUSDT has at last reached our projected resistance level at the 78.6% Fibonacci retracement level. This achievement is especially significant given the current market conditions, which have largely been characterized by range-bound price movements. Notably, this breakthrough has delivered a substantial 22% surge in value!💎Presently, our charts reveal that #TRU has not only surpassed our Fibonacci resistance but has also breached the descending trendline. These developments strongly suggest that the ongoing price uptick is poised to persist, potentially accelerating at an even more impressive rate. Consequently, #TrueFI continues to hold our attention as a cryptocurrency with significant upside potential in the immediate future.
💎Paradisers, remain engaged and stay tuned for our forthcoming updates on the evolving price action of #TRUUSDT. The journey promises to be an exciting one! 📈🚀
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