$DCR
/USDT Technical Analysis and Trade Signal🚀🎯
Current Price: $15.35
Momentum: Strong bullish momentum (+13.54%)
Indicators:
Bollinger Bands: Price is at the upper band (15.36), indicating potential overbought conditions.
Parabolic SAR: 14.59 (bullish, price above SAR).
Volume: Significant 24h volume of 104,697.87 DCR, supporting the upward trend.
MACD: Positive crossover indicates continuation of bullish momentum.
Trade Signal: Long Position
Entry Zone: $15.20 - $15.40
Target Levels 🎯:
1. Target 1 (Short-term): $15.80
Near resistance based on recent price action.
2. Target 2 (Medium-term): $16.20
Strong resistance level, coinciding with potential upper Bollinger Band extension.
3. Target 3 (Extended-term): $17.00
Psychological resistance and significant breakout level.
Stop Loss: $14.50
Below the lower Bollinger Band and SAR, signaling trend reversal.
Trade Momentum:
Bullish: Momentum indicators (SAR, MACD, and volume) suggest strong upward potential.
Monitor the $15.36 resistance closely for breakout confirmation with increasing volume.
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