$SUN
/USDT Technical Analysis and Trade Signals 🎯 🚀
1. Current Price: $0.03543 (+37.06%)
2. Bollinger Bands:
Upper Band: $0.03707
Middle Band: $0.03568
Lower Band: $0.03430
The price is moving near the middle band, showing room for further upward movement if buying pressure sustains.
3. SAR (Parabolic Stop and Reverse): $0.03800
Indicates resistance and a potential breakout level.
4. Volume:
High trading volume (83.57M USDT) supports current bullish sentiment.
5. Resistance Levels:
R1 (SAR): $0.03800
R2: $0.04300 (24h high)
6. Support Levels:
S1: $0.03430 (Bollinger lower band)
S2: $0.02393 (24h low)
Trade Strategy
Entry
Buy Zone: Enter near $0.03500-$0.03600 for a favorable risk-reward ratio.
Confirm entry with high volume and price consolidation above the Bollinger middle band ($0.03568).
Targets 🎯
1. Target 1: $0.03800
Close partial positions at SAR resistance.
Monitor for breakout potential.
2. Target 2: $0.04150
Near the upper resistance zone but below the 24h high ($0.04300).
Secure significant profits here.
3. Target 3: $0.04500
If the breakout sustains above $0.04300, this is an extended profit target.
Stop-Loss
$0.03400: Place just below the Bollinger lower band for downside protection.
Notes
Monitor volume spikes and momentum indicators for confirmation of trend strength.
If price drops below $0.03400, reconsider the trade to avoid deeper losses.
Adjust stop-loss and take-profit levels dynamically if volatility increases.