TradeCityPro | LEVERUSDT Analysis Buyer Presence

28 בנוב׳

👋 Welcome to the TradeCityPro channel!
Let’s dive into the analysis of another cryptocurrency and review our triggers before the movement begins.

🌍 Bitcoin's Market Overview

Yesterday, we mentioned that a long position could be opened after breaking 94931, especially if Bitcoin's dominance was declining, favoring altcoins.

After a pullback to 94931, the price is now approaching 96610, where breaking this level could provide another long position opportunity. If Bitcoin's dominance continues to fall, altcoins like LEVERUSDT could see further upward momentum.


📊 Weekly Timeframe

LEVERUSDT is consolidating in a long-term range between 0.001123 and 0.003877, with a narrower short-term range between 0.001588 and 0.002317.

Following rejection from the top of the range, the price didn't drop to the bottom of the box, finding support earlier. This indicates buying strength.

breakout above 0.002317 could signal a risky buying opportunity with stop-loss levels at 0.001588 or 0.001123 for a medium-term hold.


📈 Daily Timeframe

The price has been ranging between 0.001518 and 0.002405, repeatedly testing the upper resistance.

The daily red candles rejecting resistance highlight its importance. A sharp breakout above this level could trigger a significant move.

After breaking this resistance, buyers can enter. If missed, confirmation through RSI breaking 70.13 and rising volume could provide additional confidence.

⏱ 4-Hour Timeframe

The price has shown strong movement toward the range's upper resistance, suggesting this coin might present trading opportunities this week.

For long positions, wait for a breakout above 0.002405, coupled with RSI entering overbought territory and breaking 70.13 for confirmation.

Avoid looking for short positions as the trend appears bullish. Instead, focus on potential entries at lower levels.


📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️