$EOS
/USDT Technical Analysis and Trade Strategy🚀🎯
1. Trend Overview:
The price is trading at $1.5316, near the Bollinger Upper Band (1.5578), indicating bullish momentum but approaching potential overbought levels.
Parabolic SAR (1.3389) confirms the current uptrend as the price is above it.
2. Support and Resistance Levels:
Resistance 1: $1.5578 (Bollinger Upper Band, immediate resistance).
Resistance 2: $1.64 (potential psychological level and historical high zone).
Support 1: $1.3631 (Bollinger Middle Band, key support in case of a pullback).
Support 2: $1.3389 (SAR, trend-changing level).
3. Indicators:
Bollinger Bands: Price nearing the upper band, suggesting potential consolidation or minor correction.
SAR: Trend remains bullish until the price crosses below $1.3389.
Trade Strategy
🎯 Target 1 (Short-term):
Entry: $1.53 (current price or slight pullback).
Take Profit (TP): $1.5578 (Bollinger Upper Band).
Stop Loss (SL): $1.45 (below a key recent low).
🎯 Target 2 (Medium-term):
Entry: On breakout above $1.5578.
Take Profit (TP): $1.64 (psychological and resistance level).
Stop Loss (SL): $1.50 (below the breakout level).
🎯 Target 3 (Aggressive):
Entry: After confirmation above $1.64.
Take Profit (TP): $1.75 (previous highs or extended bullish momentum).
Stop Loss (SL): $1.55 (to protect gains).
Key Notes:
If the price falls below $1.3389 (SAR), it indicates a bearish trend reversal.
Watch for volume confirmation on breakouts to ensure reliability.
Adjust stop-loss levels dynamically to secure profits as the trade progresses.