🚨🚨🚨Complete Trading Setup 🚨🚨🚨🚨
$RAD Support and Resistance Levels
Resistance:
$1.392 (24-hour high).
$1.513 and $1.630 based on prior price action.
Support:
$1.261 (recent low and potential key support level).
$1.240 (psychological round level below current price).
🚨Short and Long Positions🚨
✔️✔️Short Position Entry
Entry Point: Near $1.285 - $1.300, as the price shows downward momentum below the MA indicators.
🎯Target: $1.240 (support level).
Stop Loss: $1.330 (above resistance and MA levels for protection).
✔️✔️Long Position Entry
Entry Point: Around $1.261 - $1.270, if the price bounces off the support level.
🎯Target: $1.392 (24-hour high).
Stop Loss: $1.240 (below support to manage risk).
🚨Indicators and Insights
1. Moving Averages (MA):
MA(7), MA(25), and MA(99) are sloping downward, indicating a bearish trend.
A potential reversal signal would require price crossing above these averages.
🐻❄️2. Volume (VOL):
High volume at $1.261 indicates significant activity at this level, making it critical support.
3. MACD:
If the MACD line crosses above the signal line, it could indicate a potential bullish reversal.
4. RSI:
Current RSI (not visible in the image) would help confirm overbought/oversold conditions. Below 30 suggests oversold.
🚀Market Insights
The coin is in a clear downtrend. Monitor for a breakout above $1.330 or breakdown below $1.240 to confirm further movement.
Bearish sentiment prevails, but a high-volume bounce from support could present a recovery opportunity.
Risk Management
Use position sizing to manage risks (e.g., 2%-5% of portfolio per trade).
Adjust stop-loss based on evolving market conditions.
#BinanceAlphaAlert #USJoblessClaimsFall #GrayscaleSUITrust #FranklinCryptoETF #MarketPullback