TFUEL LONGThe price of TFUEL/USDT is currently in a consolidation phase, with the potential for upward movement from the recent support zone.
Key Levels:
The price is holding above the support at around 0.06855 USDT, which is a crucial level for a potential bullish move.
The price has recently reached the 0.618 Fibonacci retracement, a strong reversal zone, indicating a higher probability of upward movement from here.
The 0.79 USDT level is a significant resistance zone. A break and close above this level could signal continuation to higher targets.
The target could be the upper resistance at 0.67925 USDT, representing a major profit zone.
Trade Strategy:
Long positions can be entered if the price holds above 0.06855 USDT and shows signs of upward momentum.
The first target is the resistance zone at 0.67925 USDT. If the price breaks above this, further upside potential may exist.
Place stop-loss orders around 0.027 USDT to manage risk.
Outlook:
This chart suggests a potential bullish reversal for TFUEL/USDT from the support zone. A successful break above 0.79 USDT could open further upside toward the target at 0.67925 USDT. Watch for price action at key levels to confirm the trade.
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