S/USDT The Big Test at the Trendline — Rebound or Rejection?🔎 Overview
The price action of S/USDT remains under pressure from a long-term downtrend, marked by the descending trendline (yellow) that has consistently capped every rally attempt since early this year.
After bouncing from the 0.2219 major low, price has shown a solid rebound and is now testing the critical confluence resistance zone at 0.2984 – 0.31.
This area is a make-or-break level: will buyers manage a breakout to end the seller’s dominance, or will the trendline reject price once again?
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🧩 Structure & Pattern
1. Descending Trendline
– A clear series of lower highs confirms seller dominance.
– Each rally attempt has been rejected at this line.
2. Key Supports
– 0.2219 → the major swing low and critical downside level.
– Minor support zone: 0.260 – 0.244.
3. Layered Resistances
– 0.2984 (current test) → the first breakout checkpoint.
– 0.3531 – 0.3946 → next upside targets if breakout holds.
– 0.6088 – 0.8650 → major resistance levels, potential rally zone in the mid-term.
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📈 Bullish Scenario (If Breakout Holds)
Confirmation: Daily close above 0.2984–0.31 with strong volume.
Entry Idea: Buy on retest of the breakout zone.
Upside Targets:
TP1 → 0.3531
TP2 → 0.3946
TP3 → 0.6088
Stop Loss: Below 0.28 (or below the retest low).
Narrative: A breakout from the descending trendline could signal the first step of a trend reversal, opening the path for further bullish momentum.
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📉 Bearish Scenario (If Rejection Happens)
Confirmation: Bearish rejection candle (engulfing / pinbar) around 0.298–0.31.
Entry Idea: Short/sell after confirmation of rejection.
Downside Targets:
TP1 → 0.260–0.244
TP2 → 0.2219 (major low)
Stop Loss: Above 0.31–0.33.
Narrative: As long as price remains below the trendline, the broader bearish structure is intact. Rejection here may trigger continuation towards the lows.
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📝 Conclusion
The 0.298–0.31 zone is a major battleground between bulls and bears.
A confirmed breakout could shift momentum towards 0.3531–0.3946.
A rejection, however, keeps downside risk alive with targets back to 0.2219.
Best strategy: Wait for daily close + volume confirmation before committing to major positions.
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📌 Key Levels to Watch
Support: 0.2884 → 0.260–0.244 → 0.2219
Resistance: 0.2984 → 0.3531 → 0.3946 → 0.6088 → 0.8650
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