STGUSDT rejected by daily resist, may bounce from hourly support

2023년 7월 11일

The price has bounced well from the daily support zone DS1 and hit the daily resistance level DR1. From that resistance level DR1, the price is experiencing a pullback which might lead the price to reach upto hourly support zone 1HS1. I expect the price to bounce from there again to ai, the daily resistance DR1 and therefore a long shall be favorable from that support 1HS1. I also expect the price to aim for the confluence of monthly and weekly resistance MR1+WR1 sooner or later. But lets first look at the first target of DR1.