$STPT slight Correction Pressure Confirm 💯 💫 Ready for next move 💯
/USDT Technical Analysis and Trade Strategy🎯
Current Price: 0.06925
Trend: Slight recovery after a pullback (+1.91% in 24h).
Key Technical Levels:
24h High: 0.07724
24h Low: 0.06681
Resistance Levels: 0.07050, 0.07300
Support Levels: 0.06800, 0.06650
Indicators (30m Chart):
Moving Averages:
Price is below the 20-EMA, signaling mild bearish pressure but showing potential for recovery.
MACD: Neutral to slightly bearish, indicating consolidation.
RSI: Around 48, signaling indecision and room for movement in either direction.
Trade Strategy:
Entry:
Enter a long position above 0.07050 if the price sustains this level with volume.
Targets 🎯:
1. Target 1: 0.07300
(First resistance level; partial profit)
2. Target 2: 0.07550
(Key level before testing 24h high)
3. Target 3: 0.07850
(Extended target for a breakout)
Stop Loss:
Place a stop loss below 0.06800 to limit downside risk.
Notes:
If the price breaks below 0.06800, wait for a bounce from 0.06650 before considering a re-entry.
Monitor volume and MACD closely for breakout confirmation.
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