/USDT Technical Analysis and Trade Signals
Current Market Snapshot:
Price: $97,500 (+5.57%)
24h High/Low: $97,719.99 / $92,252.00
Bollinger Bands:
Upper Band: $97,781.66
Middle Band: $95,538.37
Lower Band: $93,295.09
SAR: $95,809.25 (Bullish)
Trade Momentum
Momentum Bias: Bullish
Price is near the Bollinger Band's upper band, indicating strong upward pressure.
SAR is below the price, confirming an active uptrend.
Trade Signals:
Buy Entry
Entry Range: $97,200 - $97,500
Price near resistance suggests potential for breakout; wait for confirmation above $97,720.
Targets šÆ
1. Target 1 (T1): $98,500
Minor resistance near psychological level; take partial profits here.
2. Target 2 (T2): $100,000
Key psychological level; strong bullish momentum may test this level.
3. Target 3 (T3): $102,000
Extended target in case of strong breakout beyond $100,000.
Stop Loss (SL):
Below $95,800 (SAR level)
This provides a risk buffer in case of a reversal.
Risk Management and Notes:
1. If the price fails to break $97,781.66 (Bollinger Band upper band), a pullback to $95,500 (middle band) is possible.
2. Monitor 4-hour and daily candle closures for confirmation of momentum.
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