DRIFTUSDT Approaching Key Breakout ZoneDRIFT has been consolidating for months under a strong descending trendline. Price has been rejected multiple times at this resistance, showing how significant this level is.
Key Points
- Trendline Resistance: Price is retesting the descending resistance line after several failed attempts.
- Volume Profile: A heavy resistance zone is visible on the VPVR, capping upside moves so far.
- Support Zone: Strong accumulation area formed around $0.45–$0.50, providing a solid base.
- Breakout Potential: If price manages to close above $0.69–$0.70 with volume, a strong bullish continuation move could follow.
Trading Plan
Entry Zone: Watching for breakout confirmation (above $0.70.)
Target (TP): $1.20 – $1.35 mid-term; higher levels possible if momentum builds.
Stop-Loss (SL): Below $0.52
Cheers
Hexa
