$BIGTIME BIGTIMEUSDT here is a technical analysis for the next 12 hours, including potential buy entry points and stop-loss (SL) levels:
1. Price Trend
Last price: $0.15845.
The current trend is in a short-term rebound phase, as the price has started to break above the moving average (MA) on the 15-minute timeframe.
The RSI indicator shows a value of around 68, nearing the overbought zone, which may lead to a minor correction before further upward movement.
2. Key Indicators
MACD: Positive histogram is forming, indicating potential bullish momentum.
Stochastic RSI: In the overbought zone, which could signal a negative divergence.
Volume: Increasing volume activity suggests significant market interest.
3. Key Levels
Resistance:
$0.16163 (nearest resistance based on previous highs).
$0.16500 (short-term target).
Support:
$0.15700 (nearest support based on the MA and previous demand zone).
$0.15300 (stronger support in case of a deeper correction).
4. Entry and SL Strategy
Buy Entry:
Enter around $0.15750-$0.15800 if the price retraces slightly towards support.
Confirm the buy signal with volume and momentum indicators.
Stop Loss (SL):
Set SL below $0.15300 (strong nearest support).
Take Profit (TP):
First TP at $0.16150 (nearest resistance).
Second TP at $0.16500 if the momentum continues.
5. Important Notes
Watch out for overbought indicators such as RSI and Stochastic, which could trigger a short-term correction.
If the price breaks below $0.15300, the trend might turn bearish.
This analysis is based on the 15-minute chart and may need adjustments if market conditions change. Would you like additional strategies or further details?