$STABLE/USDT (4H) update: Price flipped the script. The 50 EMA
$STABLE/USDT (4H) update:
Price flipped the script. The 50 EMA that was acting as a ceiling near 0.0115 got cleanly reclaimed, and that breakout triggered an aggressive move. Momentum followed through fast, sending price up more than 64%.
This is a classic structure shift. What was resistance is now likely to act as support. As long as price holds above the former EMA zone, the breakout remains valid and dips are corrective, not bearish.
Price flipped the script. The 50 EMA that was acting as a ceiling near 0.0115 got cleanly reclaimed, and that breakout triggered an aggressive move. Momentum followed through fast, sending price up more than 64%.
This is a classic structure shift. What was resistance is now likely to act as support. As long as price holds above the former EMA zone, the breakout remains valid and dips are corrective, not bearish.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.