technical analysis for $KDA /USDT with trade signals, target levels, and trade momentum:
Technical Analysis for KDA/USDT
1. Current Price: $1.3645
2. Trend: Bullish (Price has increased by 25.99% in the last 24 hours)
3. Support: $1.0728 (24h low)
4. Resistance: $1.3724 (24h high)
5. RSI: Currently at 65, suggesting strong bullish momentum but nearing overbought territory.
Key Levels
Target 1 (T1): $1.45 (Psychological Resistance)
Target 2 (T2): $1.55 (Previous swing high level)
Target 3 (T3): $1.70 (Extended resistance level, with strong bullish continuation)
Trade Setup and Momentum
Entry Signal: Enter around $1.36 to $1.37, as the price is breaking above the resistance zone. Use a stop-loss around $1.25 to manage risk.
Trade Momentum: The current momentum is strong bullish with an upward trend, supported by a solid volume increase of 18.01M KDA in the last 24 hours.
Exit Strategy
Target 1 (T1): Lock profits at $1.45
Target 2 (T2): Partial profit-taking at $1.55
Target 3 (T3): Full exit or trailing stop if price approaches $1.70