DRIFTUSDT Approaching Key Breakout Zone

Sep 12

DRIFT has been consolidating for months under a strong descending trendline. Price has been rejected multiple times at this resistance, showing how significant this level is.

Key Points

- Trendline Resistance: Price is retesting the descending resistance line after several failed attempts.

- Volume Profile: A heavy resistance zone is visible on the VPVR, capping upside moves so far.

- Support Zone: Strong accumulation area formed around $0.45–$0.50, providing a solid base.

- Breakout Potential: If price manages to close above $0.69–$0.70 with volume, a strong bullish continuation move could follow.

Trading Plan

Entry Zone: Watching for breakout confirmation (above $0.70.)

Target (TP): $1.20 – $1.35 mid-term; higher levels possible if momentum builds.

Stop-Loss (SL): Below $0.52

Cheers
Hexa

Sep 18

Trade active

DRIFTUSDT 40%+ gain after breakout