#Strategy加仓BTC $STO has experienced a good rally and is now entering a consolidation phase. My view is that it is very likely to find support in the 0.091-0.092 range and then rebound upward. Once it breaks through the resistance level here, I believe there is a chance to push towards the target zone of 0.155-0.165.
It is important to note that if the closing price falls below 0.88, caution should be taken regarding the possibility of a bear market cycle. However, from a technical perspective, I expect this level to become a reversal point. The super trend indicator on the 6 to 8-hour timeframe also shows support in the same area, further confirming the significance of this key level.
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GovernancePretender
· 01-18 14:09
0.091 Can this support hold steady in this wave? Feels a bit uncertain.
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MrDecoder
· 01-18 14:06
As long as the 0.091 support level isn't broken, there's indeed hope. The only concern is a single large bearish candle crashing straight through...
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ZeroRushCaptain
· 01-18 14:05
What is this super trend indicator... The last time I heard about it, it was just before a 50% plunge.
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DEXRobinHood
· 01-18 13:56
The support level at 0.091-0.092 looks quite reliable, and the indicators also align. Now it's just a matter of whether it can hold.
#Strategy加仓BTC $STO has experienced a good rally and is now entering a consolidation phase. My view is that it is very likely to find support in the 0.091-0.092 range and then rebound upward. Once it breaks through the resistance level here, I believe there is a chance to push towards the target zone of 0.155-0.165.
It is important to note that if the closing price falls below 0.88, caution should be taken regarding the possibility of a bear market cycle. However, from a technical perspective, I expect this level to become a reversal point. The super trend indicator on the 6 to 8-hour timeframe also shows support in the same area, further confirming the significance of this key level.