#CryptoReboundStrategy
1. **Trend Analysis**:
- The price is currently at **$5.1565**, up **8.38%** in the last 24 hours.
- The **24h high** is **$5.3076**, and the **24h low** is **$4.7552**.
- The price is below the **MA60 ($5.1807)**, indicating potential resistance at that level.
2. **Volume**:
- The trading volume indicates active participation, but volume spikes suggest price volatility.
- Green volume bars (higher buying pressure) outpace red bars (selling pressure) recently, suggesting bullish sentiment.
3. **Potential Entry**:
- A breakout above **$5.1807** (MA60) with increased volume could signal a continuation of the uptrend.
- If price retests **$5.10-$5.12** and holds support, a long position could be initiated.
4. **Stop Loss (SL)**:
- Conservative: Below **$5.10** (recent support).
- Aggressive: Below **$4.95** (closer to the **24h low**).
5. **Take Profit (TP)**:
- TP1: **$5.30** (recent high and psychological level).
- TP2: **$5.50** (next round number and potential resistance).
6. **Risk-Reward**:
- Ensure the risk-reward ratio is at least 1:2, where potential profit outweighs risk.
7. **Bearish Scenario**:
- If the price breaks below **$5.10** with strong selling pressure, consider shorting to **$4.95-$4.75**.
8. **Indicators to Watch**:
- **EMA/Bollinger Bands**: Confirm momentum and volatility.
- **MACD**: Crosses or divergence to validate trend direction.
- **RSI**: Check for overbought/oversold conditions. #BitcoinHashRateSurge $SUI