ANKRUSDT hit weekly support, likely to bounce to daily resist

The price has hit the weekly support and it is likely that the price will bounce from here. I believe it will head for the daily resistance 1 zone with L1, S2 and L3 sequence. However, let us focus on L1 first and then we reevaluate it further.

Trade closed: target reached:

We have reached the target. The price has hit our resistance zone and the target we had marked. This is whopping 26% profit. The price is currently inside the daily resistance zone. We should book profit here as it is the right spot for that. The price might get pushed back down by this daily resistance and we can have other better entry, If not and price moves upward, we look for another opportunity. But as said, the probability and the setup favors closing our long here.

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