$MBL
/USDT Technical Analysis and Trade Signal๐๐ฏ
Current Price: $0.003597 (+15.21%)
Trend: Bullish momentum is evident, with price nearing the upper Bollinger Band and sustained high trading volume.
Technical Indicators:
1. Bollinger Bands (20, 2):
Upper Band (Resistance): $0.003775
Middle Band (Support): $0.003541
Lower Band (Support): $0.003307
2. SAR (Stop and Reverse): $0.003853
Resistance near this level suggests a critical breakout zone.
3. Momentum:
Strong upward push supported by volume, but some resistance at $0.003853 and the 24h high of $0.003900.
Trade Signal: Long Position
1. Entry Zone:
Aggressive Entry: $0.003600-$0.003650
Conservative Entry: $0.003550 (near the Bollinger Middle Band)
2. Target Levels ๐ฏ:
Target 1: $0.003775 (Upper Bollinger Band)
Target 2: $0.003853 (SAR Resistance)
Target 3: $0.003950-$0.004000 (Psychological Level & New High)
3. Stop Loss:
Place at $0.003300 (below the Bollinger Lower Band and recent low).
4. Trade Momentum:
Momentum is Bullish but expect resistance around $0.003853-$0.003900. If volume sustains above average, targets are likely to be reached.
Risk Management:
Risk/Reward Ratio: Ensure at least 1:2 by scaling your position according to the stop loss and targets.
Volume Confirmation: Monitor for sustained high volumes above 3B MBL to validate the bullish breakout.
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