4h time frame
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SSV is retesting the robust uptrend line with a precipitous drop from $55. Usually need more consolidation or accumulation to reverse after a quick dip like this. However, SSV has been increasing on this upward slope since $11, that makes this uptrend pivotal, so the timing is an entry for left-hand side traders to gain perfect risk to reward...
4h time frame
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SSV has been going on an uptrend since Oct 23', this climbing way is very healthy, accompanying with high volume as every pump. Also, SSV made a stop hunting to liquidate leverage on bull side. However, SSV did create a top structure after hitting $63.85, and there is a target at $24 if SSV continues to correct based on the Fibonacci projection....
SSVUSDT Technical Analysis Update
SSVUSDT is breaking out of a broadening wedge pattern with high volume, and its price is trading above the 100 and 200 EMAs, suggesting a strong bullish momentum for SSV.
Buy zone : Below $21.75
Stop loss : $18.25
Take Profit 1 : $24.50
Take Profit 2 : $32.00
Take Profit 3 : $43.00
Regards
Hexa
