$ID

/USDT Technical Analysis & Trade Signal

Current Price: $0.4279

24h Change: +4.95%

Technical Overview:

Trend: Bullish momentum as the price has been trending higher, hitting a 24-hour high of $0.4306.

Support: $0.3639 (24h Low), near the psychological $0.36 level.

Resistance: $0.4319 - $0.4353, the area where current buying pressures reside.

Trade Signal:

Entry: Buy around $0.4280 to $0.4310.

Stop-loss: Set below $0.3700 (around 5-7% downside risk).

Take-Profit Targets:

Target 1: $0.4450 (next resistance level)

Target 2: $0.4600 (round number resistance)

Target 3: $0.4750 (mid-term resistance based on previous price action)

Momentum:

Momentum Indicator: Price moving above the 50-day moving average indicates strong upward momentum. RSI is currently nearing overbought territory, signaling a potential short-term pullback.

Volume: Healthy 24-hour trading volume suggests a solid bullish continuation unless a sudden drop in volume occurs.

Conclusion: The short-term outlook is bullish. A buy signal near $0.4280 with target levels at $0.4450, $0.4600, and $0.4750 is ideal. Always consider market conditions for potential reversals and use proper risk management.

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