SAGA/USDT 12H TECHNICAL / PRICE ACTION ANALYSIS:
Structure:
SAGA formed a prolonged base near 0.01653 after trending down from 0.07290. Price just executed a vertical recovery, reclaiming 0.05132 and testing a major supply zone.
📈Key Levels:
Resistance:
Red supply zone 0.05000-0.05200, which was prior support before breakdown. Major swing high at 0.07290.
Support:
Reclaimed base at 0.01653. Immediate intraday support 0.03850.
Current Price:
0.05132, retesting broken support as new resistance.
🔍 Scenarios:
Bullish Case:
A 12H close above 0.05200 confirms a successful S/R flip and bearish to bullish structure shift. This opens the path toward 0.06332, with 0.07290 as the macro target. Acceptance above this zone is critical.
Bearish Case:
Rejection from 0.05000-0.05200 signals a liquidity grab and failed retest. Expect rotation back toward 0.03850, with risk of full retrace to 0.01653 if supply holds.
Note:
This is a V-shaped recovery after extended downtrend. Moves like this often retest for confirmation. The 0.05000-0.05200 zone decides trend direction. Watch volume on the retest.
Supply zones rarely break on first attempt. Confirm with closes.
Trade from here before DYOR 👇
