Key Levels💦
1. Immediate Resistance: 2.3000 USDT
2. Immediate Support: 2.1319 USDT
3. Lower Support: 2.1088 USDT
Targets:
🎯1. Target 1: 2.3000 USDT
If the price breaks above this level, the next target could be 2.3266 USDT, a potential resistance level seen on the chart.
🎯2. Target 2: 2.40-2.50 USDT
If the bullish trend continues, consider targeting the psychological resistance zone around 2.40-2.50 USDT.
🔒Stop-Loss Levels:
1. Stop-Loss 1: 2.1088 USDT (MA(7)) or 2.1319 USDT
If the price breaks below the MA(7) or recent low of 2.1319 USDT, this could signal a reversal, and you may consider a stop-loss here to limit risk.
🔒2. Stop-Loss 2: 1.9232 USDT (24h Low)
For a more conservative stop-loss, you could set it near the 24-hour low of 1.9232 USDT to protect against a larger drop in price.
💥Risk Management💥
Position Size: Make sure your position size aligns with your risk tolerance, especially since the price is in a bullish phase, but the market can still be volatile.
Trailing Stop: Consider using a trailing stop to lock in profits as the price increases, especially if it breaks through resistance levels like 2.3000 USDT.
💫Conclusion:💫
Trend:
$SAGA/USDT is in a strong bullish trend, with the price significantly above its key moving averages. The breakout above 2.3000 USDT could lead to further gains.
Targets: 🎯
If the price continues to rise, 2.3000 USDT is the immediate target, with potential for further upside toward 2.40-2.50 USDT.
Stop-Loss: 🔒
Place a stop-loss near 2.1088 USDT or 2.1319 USDT to protect against a potential price reversal.
📊📊Monitor market conditions, and adjust your strategy accordingly, especially as the price approaches key levels.💹
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