On the 1D candlestick chart for 币安人生/USDT, the price is at 0.3484 (+0.87% in the last 24h), after a strong upward movement from a low around 0.0370 to the recent high of 0.5599.
Clear market structure: a sequence of higher lows and higher highs, with strong volume expansion accompanying the rally. The price is currently in a pullback after being rejected at the top, testing the area near the shorter moving averages.
Current trend: bullish, with momentum still present despite the recent correction.
For the next 24 hours: bullish, as long as the support near 0.3347-0.34 holds.
Best entry point: buy on pullback near current support (0.3347–0.3484), with a stop loss below 0.3347.
Take profit target: range of 0.38–0.40 (immediate resistance), with a potential extension towards 0.50+ if the volume picks up again.
Key support: 0.3347
Key resistance: 0.3800 / 0.5599
The asset maintains a bullish structure, but watch the volume to confirm continuation.
What's your take on this movement?
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