Key Observations:
1. Support Zone (FVG): The price is currently sitting in the orange box (FVG zone), indicating a possible accumulation before an upward movement.
2. EMA Levels:
- EMA(25): $1.289
- EMA(50): $1.277
- EMA(100): $1.249
- The price is below EMA(25) but testing EMA(50), indicating possible consolidation before upward momentum.
3. RSI (14): At 45.351, this suggests neutral momentum, with room for an upward trend.
4. Volume: Increasing volume near the FVG zone signals potential accumulation or breakout.
Binance Futures Price Targets:
- Immediate Resistance Levels:
- $1.30: Minor resistance just above EMA(25), an initial breakout point.
- $1.35 - $1.36: Next key level based on recent resistance.
- Major Resistance Levels:
- $1.44: Previous high and psychological level.
- $1.50: Extended bullish target, provided strong momentum and volume.
- Stop-Loss:
- $1.23: Below the FVG zone, to manage risk if the trend reverses.
Trade Strategy:
- Entry Zone: Current price within $1.25–$1.27 offers a favorable risk-reward ratio.
- Leverage: Use moderate leverage (e.g., 3x–5x) to manage volatility.
- Profit Targets:
1. Short-term: $1.30, $1.35
2. Mid-term: $1.44, $1.50 (with scaling out of positions near $1.44).
Keep monitoring the RSI and volume for signs of weakening momentum or potential trend reversals.