23.12.2024: HFT/USDT – Bullish Setup coming or More Down!?

📉🚀 Bullish or Bearish on HFT/USDT? Let’s break it down!

Key Levels:
🔼 Resistance:
$0.30–$0.40: Tough resistance zone and below key EMAs. Breaking this could start a strong move up.

🔽 Support:
$0.195: Critical support right now. Losing this could send us back to $0.10–$0.15 (ouch!).

What’s Happening?
HFT is trading below all major EMAs, so the overall trend is bearish. BUT there’s bullish RSI divergence – price is dropping, RSI is climbing, meaning we should be looking at a possible bounce.

On top of that, tier 1 and tier 2 players have an average entry around $0.40, and I doubt big market makers will exit at a loss. They will push the price higher to make some profit, so I’m bullish in the long term.

Target:
I believe HFT should go above $1+, especially since market makers won’t settle for less profit. $1+ aligns with profit zones and psychological levels. Until then, I’d stay bullish if we reclaim $0.40 and hold support.
Sentiment:
Right now, I’d say 60/40 bullish long term, but short term depends on holding $0.198.

What’s your opinion – are you bullish too? Let’s discuss! 🚀💎