$PSG $PSG
The image shows a trading chart for the cryptocurrency pair $PSG /USDT on a 4-hour timeframe on a cryptocurrency exchange platform. Here’s a detailed analysis:
Professional Analysis
Support and Resistance Levels
- **Support Levels:**
- **Primary Support:** 2.963 (24-hour low)
- **Secondary Support:** 2.847 (recent low on the chart)
- **Resistance Levels:**
- **Primary Resistance:** 3.143 (24-hour high)
- **Secondary Resistance:** 3.198 (recent high on the chart)
#### Entry Signal
- **Entry Point:** Consider entering a long position if the price breaks above the primary resistance level of 3.143 with strong volume. Alternatively, a short position could be considered if the price breaks below the primary support level of 2.963 with strong volume.
#### Stop Loss and Take Profit Levels
- **Long Position:**
- **Stop Loss:** 2.963 (below primary support)
- **Take Profit:** 3.198 (secondary resistance) and 3.350 (recent high on the chart)
- **Short Position:**
- **Stop Loss:** 3.143 (above primary resistance)
- **Take Profit:** 2.847 (secondary support) and 2.800 (psychological level)
### Brief Description of the Image
The image shows a detailed trading chart for the PSG/USDT cryptocurrency pair on a 4-hour time frame. It includes various technical indicators such as Moving Averages (MA) and volume data, providing a comprehensive view of the market's recent performance. This chart is relevant for traders looking to analyze price movements and make informed trading decisions based on technical analysis.
#NFPWatch #USJobOpeningsDip #CryptoPreUSElection #10MTradersLeague #Write2Earn!