$PSG

📊PSG/USDT Technical Analysis – 23 Dec 2024

Current Price: $3.158 (-4.16%)

24H High/Low: $3.380 / $3.135

Volume: $2.36M (USDT) | 728,337 PSG

Key Insights and Targets 🎯

1️⃣ Target 1: $3.26

Rationale: Aligns with the SAR (Parabolic Stop and Reverse) level of $3.266, indicating a potential short-term resistance. If the price can break this level, it may signal a bullish reversal.

Action: Conservative traders can wait for confirmation above this level before entering long positions.

2️⃣ Target 2: $3.45

Rationale: Close to the upper range of recent price action. A break above $3.38 (24h high) could trigger momentum buying, pushing prices to test $3.45 as a stronger resistance.

Action: Watch for volume spikes and bullish MACD crossover for validation.

3️⃣ Target 3: $3.60

Rationale: Medium-term target near a historical resistance zone. Reaching this level would confirm sustained bullish momentum and attract breakout traders.

Action: A breakout above $3.45 with increasing volume may drive the price toward this level.

📈Key Indicators to Watch

Bollinger Bands: Monitoring the band squeeze or expansion for breakout opportunities.

MACD: Watch for crossovers to confirm trend direction.

SAR: Keeps you informed on potential reversals in momentum.

🚀Trading Tip:

Manage risks with stop-loss below $3.12 to safeguard against further downside. Look for confirmation signals before targeting higher levels.

Trade safely and stay updated with real-time data on Binance! 🚀

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