Immediate Resistance: 0.01649 USDT (24h High)
If the price breaks above this level, the next potential target would be the 0.01674 USDT level (noted as a recent level in your data), and possibly higher depending on market momentum.
💥Next Resistance Level: 0.01700-0.01750 USDT (psychological round numbers, if the price continues to climb)
💫This would be an extended target if the bullish trend continues, as traders often target round-number price levels.
Analysis Summary:
🎯Target 1: Watch for a break above 0.01649 USDT for further upside, with the next resistance at 0.01674 USDT.
🎯Target 2: If the price continues to rise, consider targeting 0.01700-0.01750 USDT.
🔒Stop-Loss 1: Set a stop-loss near 0.01496 USDT or MA(7) (0.01384 USDT), depending on your risk tolerance.
🔒Stop-Loss 2: If the price drops below 0.01211 USDT, a more aggressive stop-loss strategy should be considered, as this is the low of the past 24 hours.
Risk Management:🔴
Position size: Always adjust your position size to your risk tolerance.
Trail stop: Consider using a trailing stop if the price rises quickly, to lock in profits as the price advances.
As the market can be volatile, keep monitoring the price action closely and adjust your stop-loss levels if needed.