The $NFP /USDT pair has shown a strong bullish momentum in the past 24 hours, with a significant price increase. The 1-hour chart indicates a clear uptrend, with the price forming higher highs and higher lows. The Relative Strength Index (RSI) is currently above the overbought level, suggesting that the price may experience a short-term pullback before resuming its upward trend.
Trading Signals:
Short-Term (1-4 Hours):
* Conservative: Wait for a slight pullback to the $0.2650 - $0.2700 support level before considering a long position.
* Aggressive: Enter a long position at the current price with a tight stop-loss below the recent swing low.
Long-Term (4-24 Hours):
* Conservative: Wait for a deeper retracement to the $0.2500 - $0.2600 support level before initiating a long position.
* Aggressive: Enter a long position at the current price with a wider stop-loss below the recent swing low.
Risk Management:
* Use stop-loss orders to protect your capital.
* Consider using take-profit orders to secure profits at predetermined price levels.
* Manage your position size to avoid excessive risk.
