Setiap hari saya membagikan Analisa Teknikal secara Publik, silahkan komentar untuk outlook token yang ingin dibagikan👍🏼 Grup trading di t3l3grm : eltraderr99
GENIUS is currently stuck in a range of 0.44 - 0.64 on the 4H TF. The direction over the next 2-3 months depends on which breakout gets confirmed first.
Bullish Scenario: If 0.64 gets smashed + a strong 4H/daily close + volume comes in, a swing target of 0.8 - 0.9 opens up. Momentum could push us to a new ATH of 1.0. We need sentiment + CEX listings or project updates to keep the volume from drying up.
Bearish Scenario: If support at 0.44 breaks with a valid candle close, the next demand area is at 0.30 - 0.32. The risk of further dumping is high if the crypto market corrects.
Neutral: Most likely, we’ll remain sideways for 1-2 months. Accumulate first, volume is thin. Trading range of 0.44 to buy, 0.64 to sell is safer than forcing the trend.
Key: Wait for confirmation, don’t enter mid-range. Risk management is a must, volatility is high. Do you already have a position now?
In short: 1. Major trend: From $3,621 skyrocketed to $126,208, continuously making new ATHs at $132,337. Now in a correction phase.
2. Right now*: Price at 67K is testing the horizontal white support line. That area used to be resistance, now it's support.
3. Volume: Sell volume is still high as it dropped from 126K to 67K. Sign of strong selling pressure.
Conclusion: Currently at the key area of 67K-68K. Holding here = potential bounce leading to sideways/upward movement. Breaking below 67K = could drop further to 60K-62K.
Green arrow = bounce scenario from support at 67K.
Watch the D1 close at 67K. Breaking through = bearish continuation, bouncing = temporary bullish.