$DCR /USDT on Binance and you’re thinking about going long around 16.00. Let’s break down what your data suggests:
Current price: 20.50 USDT
Recent change: -0.10 (-0.49%)
Support/resistance levels visible:
Support: ~16.00, 18.61, 19.54
Resistance: ~22.40, 24.00, 26.00, 28.00
Since you’re considering long at 16.00, that’s near a strong support zone historically on this chart. If it holds, a bounce could happen back toward the 20–24 USDT range.
⚠️ Tips if you’re trading long:
Stop-loss: Below 16.00 (maybe 15.50) to limit risk.
Take-profit targets: Could be 20.50 (current price), 22–24, depending on risk appetite.
Check volume & momentum: A long is
