$REQ/USDT - Bullish Momentum with Breakout Potential
Chart Analysis: REQ/USDT has surged by nearly 16%, hitting $0.1489 as the 24-hour high. The chart shows strong bullish momentum with price action breaking above the middle Bollinger Band and supported by increasing volume. The 5 MA and 10 MA align upwards, confirming the uptrend.
Key Levels:
Resistance: $0.1489 (immediate resistance) and $0.1550 (next key level to watch).
Support: $0.1370 (mid-Bollinger Band support) and $0.1290 (lower Bollinger Band).
Entry Strategy:
Short-term Long Entry: $0.1400–$0.1450.
Long-term Entry Zone: $0.1290–$0.1350 (near strong support).
Stop Loss: $0.1350 (short-term) and $0.1250 (long-term) to manage risks effectively.
Targets:
Short-term Target: $0.1550.
Long-term Target: $0.1650–$0.1750 if bullish momentum sustains.
Observation: The bullish breakout above $0.1480 is supported by volume spikes, indicating strong buyer interest. If the price holds above $0.1450, a continuation to the next resistance level is likely. However, traders should monitor volume for sustained momentum and consider trailing stop losses to lock in profits.
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