$SUN

/USDT Technical Analysis and Trade Signal 🚀 🎯

Current Price: 0.02271 (+8.66% in the last 24 hours)

Technical Indicators:

Bollinger Bands (20, 2):

Upper Band: 0.02270

Middle Band (MA): 0.02162

Lower Band: 0.02054

Parabolic SAR: 0.02189 (bullish trend)

Support and Resistance Levels:

Support Level: 0.02054 (near the lower Bollinger Band)

Resistance Level: 0.02280 (24h high, upper Bollinger Band)

Target Levels 🎯:

1. Target 1: 0.02300 (Immediate resistance beyond 0.02280, psychological level)

2. Target 2: 0.02400 (Next potential resistance based on recent momentum)

3. Target 3: 0.02500 (Extended target, aligns with bullish trend continuation)

Trade Signal:

Current Trend: Bullish. The price is above the Parabolic SAR, and the price is near the upper Bollinger Band, indicating upward momentum.

Momentum: Positive, with the price rising and approaching resistance at 0.02280. If this resistance is broken, there is room for further upside.

Entry: Consider entering around 0.02260 to 0.02270 with confirmation of upward movement.

Stop Loss: 0.02150 (just below the SAR and middle Bollinger Band, to minimize risk)

Trade Strategy:

Bullish Scenario: If the price breaks above 0.02280, it could continue to 0.02300 and potentially even 0.02400. In this case, a scaling-in strategy could be employed at each of the target levels.

Bearish Pullback: If the price fails to break 0.02280, it could pull back to the support zone around 0.02150. Watch for price action near the lower Bollinger Band for potential re-entry.

Conclusion:

Trend: Bullish (above SAR, near upper Bollinger Band)

Momentum: Upwards

Trade Signal: Buy near 0.02260–0.02270, with a target of 0.02300, 0.02400, and 0.02500 for longer-term trades. Set a stop-loss around 0.02150.

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