The chart for MICHI/USDTThe chart for MICHI/USDT shows a strong breakout from a rounded bottom pattern, signaling a bullish continuation. The key levels are as follows:
Key Levels:
Support Zone: $0.4416 (Potential retest area).
Stop Loss: Below $0.3396 to minimize risk.
Target 1: $0.6603
Target 2: $0.7646
Target 3: $0.8772
Recommendations:
Entry Point: Consider buying on a retest near $0.4416 if the price confirms support.
Risk Management: Place stop-loss below $0.3396 to protect against downside.
Outlook: A continuation of the bullish move could push the price to the higher targets. Monitor volume for further confirmation.
MICHIUSDT.P trade ideas
Analysis of MICHI/USDT Price Movement and ProjectionsAnalysis of MICHI/USDT Price Movement and Projections 📈🚀
The weekly chart for MICHI/USDT on the MEXC exchange shows a significant bullish reversal pattern with a "Rounded Bottom" formation. This pattern suggests the potential for a sustained upward trend in the coming weeks.
Target Levels 🎯:
Target 1: 0.7088 🥇
Target 2: 1.0161 🥈
Target 3: 1.3425 🥉
Stop Loss Level: 0.2394 🔻
