$PSG
/USDT Technical Analysis & Trade Signal🔥💯
Current Price: $3.161
Momentum: Bearish, as the price is down -6.48% over 24h with decreasing volume.
Key Indicators:
Support Level: $3.127 (recent 24h low).
Resistance Level: $3.299 (strong sell zone).
RSI: Oversold zone (potential reversal soon if RSI <30).
Moving Averages (MA): Price trading below the 50-MA indicates bearish momentum.
Trade Signal:
Position: Short-term BUY if price holds above $3.127 or a confirmed breakout above $3.299.
Momentum: Watch for increased volume; oversold conditions suggest possible bounce.
🎯 Targets:
1. Target 1: $3.299 (short-term resistance).
2. Target 2: $3.427 (24h high).
3. Target 3: $3.55 (next major resistance).
Stop-loss: Place below $3.100 to limit downside risk.
Monitor key levels and volume for confirmation of momentum shift before entering.