(degen/usdt) 🔥🔥🔥for long position 📢📢

# DEGEN/USDT Perpetual Analysis

Market Overview:

  • Last Price: $0.026301 (+19.85%)

  • Mark Price: $0.026303

  • 24h High: $0.029200

  • 24h Low: $0.020699

  • 24h Volume (DEGEN): 8.44B

  • 24h Volume (USDT): $210.33M

Key Levels:

Resistance Levels:

  1. $0.026684 - Immediate resistance.

  2. $0.029200 - Strong resistance at the 24h high.

Support Levels:

  1. $0.025879 - Short-term support (7-day MA).

  2. $0.023551 - Key support (25-day MA).

  3. $0.020699 - Critical support at the 24h low.

Moving Averages:

  • MA(5): $836,687,730.2000

  • MA(10): $560,641,640.2000

  • MA(25): $0.023551

Strategy:

Bullish Scenario:

  • A breakout above $0.026684 could target $0.029200 and beyond.

  • Entry above $0.026500, with a stop-loss at $0.025800, targeting $0.028900 or $0.030000.

Bearish Scenario:

  • If the price breaks below $0.025879, it could retest $0.023551 or the critical low at $0.020699.

  • Short positions can be considered below $0.025500, with a stop-loss at $0.026700, targeting $0.023500 or $0.021000.

Risk Management:

  • Volatility Alert: DEGEN/USDT shows high intraday fluctuations. Adjust position sizing accordingly.

  • Monitor volume trends and mark price stability to confirm momentum.

Trade cautiously as price nears significant resistance and support levels.

#BONKBURNmas #SOLWatch #XRPPriceAction #DEXXBreach #TradingMadeEasy