$SUN
/USDT Technical Analysis & Trade Strategy🎯🔥
Current Price: 0.02542 (-5.82%)
24h High: 0.02715
24h Low: 0.02504
24h Volume (SUN): 206.89M
24h Volume (USDT): 5.34M
Key Indicators:
Trend: Bearish with a 5.82% drop, indicating ongoing downward pressure.
Support: 0.02504 (24h low) — crucial level for potential price reversal or stabilization.
Resistance: 0.02715 (24h high) — key level for price recovery.
Depth: Negative depth indicates selling pressure, with the market likely facing a continuation of the downtrend unless a reversal is confirmed.
Trade Strategy:
Entry Point:
Consider entering a long position near 0.02504 (24h low) if the price shows signs of stabilization or reversal from this support.
Alternatively, wait for a break above 0.02550 for a more confident entry if the price starts showing signs of upward momentum.
Target Levels 🎯:
1. Target 1: 0.02600 – First resistance level (around 2.3% gain potential).
2. Target 2: 0.02650 – Intermediate resistance level (4% gain potential).
3. Target 3: 0.02715 – Previous 24h high (6.6% gain potential).
Stop Loss:
Stop Loss: Set at 0.02450 to limit risk (around 2.8% below the current price).
Summary:
Buy near 0.02504 or 0.02550 if a reversal or price momentum picks up.
Target Levels: 0.02600, 0.02650, and 0.02715.
Stop Loss: 0.02450.
This strategy focuses on capturing a potential rebound at support with clear exit points at resistance levels. Risk is minimized with a stop loss just below the key support level.