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CryptoPAMM
Oct 21, 2023 11:50 AM

KEYUSDT Supply and Demand Dynamics Long

Selfkey / TetherUSBinance

Description

⚪ KEYUSDT displayed a noteworthy shift in its price dynamics in September, marked by a convincing breach of the downtrend trendline. This breakthrough was followed by a decisive move above a significant supply area. As a result, the supply zone is poised to transform into a demand zone, laying the groundwork for a renewed uptrend.

⚪ While KEYUSDT has undergone a consolidation phase, the recent daily close above the supply area underlines a shift in market sentiment. We anticipate a minor pullback in the near future, and this presents an opportune entry point for a long position. We will promptly share the KEYUSDT buy signal in our channel to keep our community informed and ready.

⚪ With the supply-to-demand transition in motion, we have set our sights on a robust rally, with a particular focus on the 61.8% Fibonacci retracement level. This level presents a significant milestone, and achieving it could signal further upward momentum for KEYUSDT. Our analysis is a guide to navigating these cryptocurrency markets with confidence and strategy.

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