$JST
/USDT Technical Analysis๐
Current Price: 0.03756 USDT
24h High: 0.03866 USDT
24h Low: 0.03715 USDT
Key Indicators:
Bollinger Bands (20, 2):
Upper Band: 0.03756
Middle Band (MA): 0.03737
Lower Band: 0.03717
Parabolic SAR: 0.03719
Price Action: The price is approaching the upper Bollinger Band, which may indicate resistance at 0.03866. The Parabolic SAR suggests bullish momentum as long as the price stays above 0.03719.
Support: 0.03715 (24h low) and 0.03719 (SAR)
Resistance: 0.03866 (24h high) and 0.0390 (potential next resistance)
Trade Signal:
1. Bullish Scenario (if price breaks above 0.03756):
Entry: Buy at 0.03756 (or near current price if confirmed above upper Bollinger Band)
Target Levels:
Target 1: 0.03820 (first resistance level)
Target 2: 0.03866 (24h high, strong resistance)
Target 3: 0.0390 (next significant resistance level)
Stop Loss: 0.03715 (near 24h low and SAR level)
2. Bearish Scenario (if price drops below 0.03715):
Entry: Sell at 0.03715 (if confirmed break below support)
Target Levels:
Target 1: 0.0368 (next support level)
Target 2: 0.0360 (potential lower support zone)
Target 3: 0.0355 (further downside if momentum shifts bearish)
Stop Loss: 0.03756 (near resistance)
Trade Momentum:
Bullish Momentum: The current price is testing the upper Bollinger Band, indicating strong bullish momentum. The Parabolic SAR is still below the price, suggesting the trend is currently upward. A break above the upper band and confirmation of bullish continuation may lead to targets higher than 0.03866.
Bearish Momentum: If the price fails to hold above 0.03715 and drops below the SAR level, it could signal a potential reversal to the downside. Watch for a breakdown below 0.03715 for further bearish signals.
Conclusion:
If the price remains above 0.03719 (SAR level) and breaks through the upper Bollinger Band, a continuation to the upside is likely, targeting 0.03866 and beyond.
If the price falls below 0.03715, a short-term bearish move could take place, targeting lower levels.