đTechnical Analysis Report: $EURI/USDT
Current Price: $1.0968 USDT
Resistance: $1.0975 Support: $1.0960
Long Trade: If the price breaks above the resistance at $1.0975, consider a long entry. Potential targets could be set near higher resistance levels, which you might need to determine based on broader chart analysis.
Short Trade: If the price drops below the support at $1.0960, a short entry might be favorable. Similar to the long trade, setting targets would depend on identifying lower support levels on the chart.
The consolidation phase shown on the chart indicates a tight trading range, and a breakout on either side could lead to a decisive move corresponding to the direction of the breakout. Keep an eye on volume as an increase might confirm the strength of the breakout.
#EURI #BitwiseFilesXRPETF #BinanceLaunchpoolHMSTR #EIGENonBinance #Write2Earn!