DGB/USDT Technical Analysis & Trade Signal
Current Price: $0.02094 (+35.97% in 24 hours)
Technical Overview:
Trend: Bullish (Positive momentum with a strong 35.97% increase in the last 24 hours)
Support: $0.01749 (SAR level)
Resistance: $0.02167 (SAR level)
24h High: $0.02133
24h Low: $0.01500
Volume: 2.29B DGB traded, suggesting strong activity and possible continuation of momentum.
Trade Signal:
Entry: Consider entering the trade around $0.02090 (current price)
Target Levels:
First Target: $0.02150 (next resistance zone)
Second Target: $0.02200 (psychological resistance)
Third Target: $0.02250 (extended resistance, if momentum continues)
Momentum:
Bullish Momentum: Given the sharp rise in price and volume increase, the momentum is likely to remain bullish in the short term.
Stop Loss: A stop loss around $0.01800 (below support) could help mitigate downside risk if the price reverses.
Trade Suggestion:
Watch for minor pullbacks towards $0.02050–$0.02000 for potential buying opportunities.
Target levels can be used to book profits progressively.
Keep an eye on price action near the resistance zones, as it could indicate a potential reversal or continuation.