MyCryptoParadise

TNSR/USDT Break alert! Bullish momentum for TNSR continue upward

BINANCE:TNSRUSDT   TNSR / TetherUS
πŸ’Ž Paradisers, #TNSR is indeed a coin worth monitoring closely.

πŸ’Ž Currently, TNSR has successfully broken out of the double-bottom pattern, signaling bullish momentum for the movement ahead.

πŸ’Ž The price will likely undergo a retesting phase, possibly revisiting the support level, which previously acted as resistance, before continuing its upward trajectory towards the next resistance area around 1.295. If TNSR manages to break above this resistance, it would pave the way for further gains, potentially leading to our target strong resistance area.

πŸ’Ž However, if TNSR fails to bounce during the retesting phase at the support level of 0.941, resulting in a breakdown below this support, it could indicate a bearish reversal. In such a scenario, TNSR may revisit the major support area around $0.78 - $0.74 to establish a new momentum for a potential bounce.

πŸ’Ž The major support area at $0.78 - $0.74 has historically proven to be a strong level capable of sustaining TNSR's price from further decline. Therefore, there's a likelihood of a bounce once TNSR reaches this zone, to initiate a new upward movement.

πŸ’Ž However, if the candle closes below the major support area, it will validate a bearish scenario, signaling further downward movement for TNSR. Monitoring TNSR's price action around these key levels will provide valuable insights into its future trajectory.

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