🚀 CC/USDT: Technical Analysis and Decision Zones (Fibonacci + Volume Profile)
Hello, community! Today I bring a detailed view of the CCUSDT pair on the 1h time frame. The price is at a crucial moment of recovery after testing deep correction levels.
📊 Highlights of the Analysis:
1. Fibonacci Retracement (The Key to Recovery):
The chart shows a perfect application of the Fibonacci tool. After the bottom established at 0.102, the price started an upward movement, surpassing important levels:
0.618 (0.120): Served as a strong support during consolidation.
0.5 (0.126) and 0.382 (0.131): Currently, the price struggles to stay above these regions to confirm the continuation of the trend.
2. Volume Profile (Where are the Big Players?):
Observe the horizontal bars on the left side. They indicate where the highest trading volume occurred. Note that the price is trying to break through a "vacuum" zone of volume, which could accelerate the movement if there is an influx of buying flow.
3. RSI (Relative Strength Index):
The RSI (bottom part) is around 67, approaching the overbought zone (70). This indicates buying strength but suggests caution, as a brief pullback or sideways movement may occur before a new "pump".
📈 Trading Strategy (Copy Trade Insight):
Entry Point (Confirmation): A 1h candle close above 0.146 (recent high) confirms the breakout of the current resistance.
Targets (Take Profit): * Target 1: 0.149 (Level 0 of Fibonacci).
Target 2: 0.155 (Psychological resistance and next liquidity zone).
Risk Management (Stop Loss): Suggested below the 0.5 Fibonacci level (0.125) to protect capital from a false breakout.
Note: The crypto market is volatile. Always use stop-loss and never invest more than you are willing to lose.
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