$C98 /USDT: Breakout or Fakeout?
$C98 (Coin98) is currently showing bearish momentum, trading below key moving averages after a period of selling pressure. However, it is sitting near a historical accumulation zone, making it a critical watch for traders.
Entry Zone: $0.0174 – $0.0185 (Watch for a strong bounce from the $0.0186 yearly low).
Target 1: $0.0208 (Initial relief toward the 7-day SMA).
Target 2: $0.0243 (Major resistance breakout at the 23.6% Fibonacci level).
Stop Loss (SL): $0.0165 (Exit if it drops below recent liquidity levels).
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Quick Insight: The RSI is signaling oversold conditions, which often precedes a short-term tactical bounce. While market sentiment is currently "Fear," a close above $0.0240 could shift the trend to bullish.
⚠️ Disclaimer: This is for educational purposes only. Crypto trading is highly volatile. DYOR!
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