Currently, #TFUELUSDT is navigating a pivotal demand zone, hinting at a possible bullish surge. The token has been on a descending resistance trend, but recent price action within the $0.06300 -$0.05600 range shows promising momentum.
This zone is essential for sustaining any bullish movement. If price can hold its ground, we could see a push towards the significant resistance level at $0.08 .
But if TFUEL can't sustain above the Bullish Order Block at $0.05600 In that scenario, we should prepare for a retest of the lower support at $0.04000. A successful bounce here could set the stage for a strong bullish reversal, possibly leading to a breakout above this major support area.
However, caution is key. If price loses momentum and drops below the previous low, it would negate the bullish setup and potentially trigger a substantial price decline.
This zone is essential for sustaining any bullish movement. If price can hold its ground, we could see a push towards the significant resistance level at $0.08 .
But if TFUEL can't sustain above the Bullish Order Block at $0.05600 In that scenario, we should prepare for a retest of the lower support at $0.04000. A successful bounce here could set the stage for a strong bullish reversal, possibly leading to a breakout above this major support area.
However, caution is key. If price loses momentum and drops below the previous low, it would negate the bullish setup and potentially trigger a substantial price decline.
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