$KDA
/USDT Technical Analysis and Trade Strategy🎯🚀
Technical Analysis
1. Trend: The price shows strong bullish momentum with a 25.95% increase. It's trading near the upper Bollinger Band, indicating potential resistance or overbought conditions.
2. Indicators:
Bollinger Bands:
Upper Band: $1.4074 (resistance).
Middle Band: $1.3082 (support zone).
Lower Band: $1.2091 (deep support).
Parabolic SAR: $1.2800 (bullish signal).
3. Volume:
High trading volume ($22.34M in USDT) confirms strong market participation, supporting upward movement.
Trade Setup
Entry Points:
Aggressive Entry: $1.40–$1.41 (breakout above the current high).
Conservative Entry: $1.31–$1.33 (pullback to Bollinger MB for lower risk).
Stop-Loss:
Place below $1.28 (Parabolic SAR level and key support).
Trade Levels and Targets 🎯
1. 🎯 Target 1: $1.50
Psychological resistance and round number target.
2. 🎯 Target 2: $1.65
Bullish extension supported by momentum and Fibonacci projection.
3. 🎯 Target 3: $1.75
Long-term resistance if momentum persists with increasing volume.
Risk Management
Keep risk per trade within 1–2% of the portfolio.
Monitor price action near the Bollinger upper band ($1.41) for signs of rejection or continuation.
