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#S# – Preparing a rollback for the next move!
$S is trading at a price of $0.3183 (+4.77%), after touching a 24-hour high of $0.3339 and retreating from that area. Buyers are defending the 24-hour low of $0.3015, indicating strength at the support level with the potential for another rise.
🔑 Key levels:
Support zone: $0.3100 - $0.3015
Immediate Resistance: $0.3250
Breakout level: $0.3330
📈 Trading Setup:
As long as $S remains above $0.3100, bulls are likely to attempt to break above $0.3250–$0.3330 again, opening the door for continuation.
🎯 Goals:
TP1: 0.3250 USD
TP2: $0.3330
TP3: 0.3450 USD
⛔ Stop Loss: $0.2990
📊 Market Insights:
The recent pullback seems healthy, as it resets the indicators after a strong move. If buying pressure increases again, S may retest the high of $0.3339 and possibly exceed it towards higher resistance levels.
💡 Professional Tip: Watch for reactions near the support level of $0.3100 — a strong bounce here could indicate the start of the next bullish wave.