Current price: $0.2646
Main Resistance (R2): $0.3000
Momentum Analysis
Moving Averages (MA): Price is trading above the 20-day MA, indicating bullish momentum.
RSI (Relative Strength Index): RSI around 65, close to overbought territory, but with potential for further growth.
MACD: Bullish crossover, suggesting momentum in the upward direction.
Volume: Significant increase in volume over 24 hours reflects strong interest from buyers.
Trading Signals
Entry Zone: $0.2550 - $0.2650 (during price consolidation or breakout above $0.2700)
🎯 Target:
1. Target 1: $0.2850
2. Target 2: $0.3000
3. Target 3: $0.3200
Stop-Loss:
Set the stop-loss at $0.2400 to manage risks.
Thoughts: breakout above $0.2725, one can take advantage of the momentum towards the first target
Those aiming higher should watch for further breakouts if it reaches and breaks $0.3000, we go further.
Trading Advice:
This is a setup with high volatility, ideal for traders who can closely monitor price movements. Be cautious of news or changes in sentiment within the DeFi space.
