The presence of liquidation liquidity at the levels of $15 and $17 means that market makers may try to push the price "temporarily" to hit these levels and activate long contracts (Longs) before the real price explosion.
Strategic support: The $10 area (previous shoulder) has now become a steel support, and it is unlikely to break unless there is a complete market collapse.
Psychological and technical resistance: The $28 level has now become a barrier, surpassing it means we are heading for new record levels exceeding $40. Price Level Technical Rating Status
28.00 Fierce resistance The last peak that rejected the price
24.00 Pivot point Current price (confusion area)
15.00 - 17.50 - 18.5 Liquidity belts "whales" attraction zones for accumulation
10 Main support Previous breakout area (shoulder)
7.00 Historical low Area
Since the neck has been broken and the price is above $20, the overall trend is still upward. The current decline is a "venting" of indicators and a gathering of strength.
Strategic support: The $10 area (previous shoulder) has now become a steel support, and it is unlikely to break unless there is a complete market collapse.
Psychological and technical resistance: The $28 level has now become a barrier, surpassing it means we are heading for new record levels exceeding $40. Price Level Technical Rating Status
28.00 Fierce resistance The last peak that rejected the price
24.00 Pivot point Current price (confusion area)
15.00 - 17.50 - 18.5 Liquidity belts "whales" attraction zones for accumulation
10 Main support Previous breakout area (shoulder)
7.00 Historical low Area
Since the neck has been broken and the price is above $20, the overall trend is still upward. The current decline is a "venting" of indicators and a gathering of strength.