$NOT
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Market Conditions:
Current Price: $0.008942 (+9.37%)
24h High: $0.009381
24h Low: $0.008152
Bollinger Bands: Upper band at $0.009263, Middle band at $0.009051, Lower band at $0.008839
Parabolic SAR: $0.009140
Key Support and Resistance Levels:
Resistance Level 1: $0.009381 (24h High)
Resistance Level 2: $0.009263 (Upper Bollinger Band)
Support Level 1: $0.008839 (Lower Bollinger Band)
Support Level 2: $0.008152 (24h Low)
Trend Analysis:
The price is currently in an uptrend as it is trading near the upper Bollinger Band.
The SAR indicator is showing a bullish signal, suggesting the trend is currently upward.
The price is testing the upper range near $0.009263 and $0.009381, which could act as resistance levels.
Trade Strategy:
Trade Setup:
Entry Strategy:
Long (Buy): Consider entering a long position near the support zone at $0.008839 (Lower Bollinger Band) if the price shows signs of bouncing or consolidating above this level.
Stop-Loss: Place the stop-loss slightly below $0.008152 (24h Low) to limit risk in case of a downward break.
Exit Strategy:
Take Profit Target 1: $0.009263 (Upper Bollinger Band) — this is an immediate resistance zone where the price may face rejection.
Take Profit Target 2: $0.009381 (24h High) — a potential breakout target.
Take Profit Target 3: $0.0095 (psychological round level) — if the price sustains bullish momentum, this level could act as the next key resistance.
Trade Execution:
1. Buy Near Support: Enter the position around $0.008839 if the price shows a bounce from the lower Bollinger Band.
2. Place Stop-Loss: Set stop-loss around $0.008152 to protect the position from further downside risk.
3. Take Profits in Steps:
First, set a partial take profit at $0.009263, as this is near the upper Bollinger Band.
Then, set another partial take profit at $0.009381 (24h High).
If the price pushes higher, move the stop-loss to break-even and aim for $0.0095 as a final target.