Aiusdt Reversal or Fakeout? Critical Levels to Watch Right NowYello, Paradisers! #AIUSDT has been in a consistent downtrend, painting a picture of lower lows and lower highs on the major timeframes. But just as we were getting accustomed to this bearish momentum, the market threw us a curveball. After forming another lower low, the price has started climbing upwards, aligning perfectly with a key Fibonacci resistance level.
💎#AIUSDT is approaching the 0.618-0.66 Fibonacci retracement zone. This area has a high probability of acting as a rejection point, sending prices back down.
💎Another critical area to watch is the supply zone between 0.550 and 0.504. If the pair gets rejected here, it could trigger a sharp decline.
💎If these resistance levels hold, we’re looking at potential downside targets. The price could project down to the support zone at 0.431, with major support at 0.364. Should the bearish momentum continue, we might even see it test the strong support at 0.275.
💎However, invalidation of this bearish outlook would occur if the price closes above the lower high at 0.651. A close above this level would shift the market structure to bullish, signaling a potential trend reversal.
Stay sharp and make sure to monitor these key levels! Your strategy here should hinge on these critical resistance and support zones—play it smart.
Stay sharp, Paradisers! The next few moves could offer some excellent trading opportunities, but always remember to manage your risks. Discipline and patience are key to navigating this market successfully. Let’s keep pushing forward and make the most out of these setups!
MyCryptoParadise
iFeel the success🌴
