🚀🚀🚀🚀technical analysis and trade signal for $REZ /USDT with three target levels and trade momentum:🚀🚀🚀🚀

Current Price: 0.04450 USDT

24h Change: -11.93%

24h High: 0.05070 USDT

24h Low: 0.04359 USDT

SAR: 0.04471 USDT

Volume: High (177.54M REZ, 8.24M USDT)

Support and Resistance Levels:

Support Level 1 (S1): 0.04359 USDT (Previous 24h low, critical support level)

Support Level 2 (S2): 0.04300 USDT (Potential for further downside)

Resistance Level 1 (R1): 0.04600 USDT (Immediate resistance to watch)

Resistance Level 2 (R2): 0.04800 USDT (Mid-term resistance)

Resistance Level 3 (R3): 0.05000 USDT (Key resistance near 24h high)

Trade Momentum:

Bearish Momentum: The current price has seen a significant drop of 11.93%, indicating bearish sentiment. However, the price is approaching a critical support zone, suggesting potential for consolidation or a slight bounce.

RSI and MACD: The Relative Strength Index (RSI) shows oversold conditions, indicating a potential reversal or temporary recovery. The MACD is in a bearish crossover but may signal a possible weakening of the downward momentum.

Trade Signal:

Entry Zone:

Buy Zone: 0.04350 - 0.04400 USDT (Look for confirmation of support around this level)

Target Levels (Take Profit):

1. Target 1 (T1): 0.04600 USDT (Immediate resistance)

2. Target 2 (T2): 0.04800 USDT (Mid-term resistance)

3. Target 3 (T3): 0.05000 USDT (Key resistance)

Stop Loss (SL):

Stop Loss: 0.04300 USDT (Just below the support zone)

Trade Summary:

Trend: Bearish short-term, but with potential for a reversal around support levels.

Strategy: Watch for a bounce near 0.04350-0.04400 USDT. Take profits progressively as price moves up to resistance levels (T1, T2, and T3).

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