Price Hits Key Support Zone at 0.992 with Potential for Rebound

Aug 7

#ZIG/USDT #Analysis
Description
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+ The price has reached a critical support zone around the 0.992 range, and there are signs that it may be poised for a bounce back.
+ Support Zone: The price has hit the 0.992 support level, a key area that could provide a foundation for a potential rebound.
+ Bounce Potential: Current price action suggests a likelihood of a bounce from this support zone
+ RSI Divergence: A clear divergence on the RSI indicates a potential shift in momentum, further supporting the case for a possible rebound.
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VectorAlgo Trade Details
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Entry Price: 0.099014
Stop Loss: 0.076742
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Target 1: 0.110634
Target 2: 0.123872
Target 3: 0.140993
Target 4: 0.161473
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo