🚀 $TENCENT IS SHOWING A BOUNCE — CAN BUYERS TURN THIS INTO A REVERSAL?
After a prolonged decline on the daily chart, Tencent has bounced from the $45.92 low and is trading around $48.92. Buyers are stepping in, but the bigger trend still needs confirmation.
📊 LONG setup to watch:
Current price: $48.92
Recent low / support: $45.92
Immediate resistance: $49.60
Next resistance zone: $52.32
Higher recovery area: $55.94
🎯 My strategy: I want to see a clean breakout above $49.60 and a successful retest before considering a LONG. If price gets rejected, the bounce could fade.
⚠️ This is a potential reversal watchlist, not a confirmed entry. Risk management matters after such a sharp drop.
🔥 Can $TENCENT T reclaim $50 and move toward $52.32?
#Tencent #cryptotrading #LongSetup #BinanceFutures #BinanceSquare
After a prolonged decline on the daily chart, Tencent has bounced from the $45.92 low and is trading around $48.92. Buyers are stepping in, but the bigger trend still needs confirmation.
📊 LONG setup to watch:
Current price: $48.92
Recent low / support: $45.92
Immediate resistance: $49.60
Next resistance zone: $52.32
Higher recovery area: $55.94
🎯 My strategy: I want to see a clean breakout above $49.60 and a successful retest before considering a LONG. If price gets rejected, the bounce could fade.
⚠️ This is a potential reversal watchlist, not a confirmed entry. Risk management matters after such a sharp drop.
🔥 Can $TENCENT T reclaim $50 and move toward $52.32?
#Tencent #cryptotrading #LongSetup #BinanceFutures #BinanceSquare
