IDUSDT , after a significant downward movement, has now created a strong support level at $0.25. Although this area is the lowest price the token has seen, the good support formed here suggests that the downward trend line will soon be broken and fill the gaps created at higher levels.The best scenarios for initiating an upward movement are as follows:
1. The first scenario involves breaking the downward trend line, as indicated by the line drawn on the chart, and retesting it.
2. The second scenario could involve a retest of the $0.25 level and then starting the main upward movement.
In both cases, the desired targets are at $0.3, $0.35, $0.40, and $0.45.
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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.