🚀 ADX/USDT Technical Analysis & Trade Setup 🔍

Current Price: $0.193 (+8.49%)

Trend: Bullish momentum is building, with potential for further upside.

Key Technical Indicators

Bollinger Bands (20, 2):

Upper Band: 0.1891 (Price breaking above = bullish)

Middle Band (MB): 0.1637 (Support Level)

Lower Band (DN): 0.1384 (Strong Support)

Parabolic SAR (0.02, 0.2):

SAR Level: 0.1695 (Bullish signal as price is above SAR)

Entry Signal

Buy Zone: 0.185 – 0.195

Signal Confirmation:

Bollinger Band breakout above 0.1891

Price holding above SAR level at 0.1695

Targets and Stop-Loss

1. Target 1 (Short-term): 0.210

Near the recent 24-hour high of 0.2000

Take partial profits at this level

2. Target 2 (Mid-term): 0.225

Psychological resistance level and Fibonacci retracement area

Move stop-loss to entry after reaching this target

3. Target 3 (Long-term): 0.250

Major resistance level with breakout potential

Stop-Loss: 0.170

Below the SAR level (0.1695) and middle Bollinger Band (0.1637)

Trade Setup Summary

Entry: 0.185 – 0.195

Targets:

T1: 0.210

T2: 0.225

T3: 0.250

Stop-loss: 0.170

📈 Momentum Watch: Stay alert for strong volume and trail your stop-loss as price advances. With bulls in control, ADX might break the 0.200 barrier and aim for higher highs!

Happy trading! 🛠️ #ADXUSDT #BinanceLabsInvestsLombard #UptoberBTC70K? #ScrollOnBinance #WeAllAreSatoshi $ADX