Technical Analysis and Trade Signal for $ACA
/USDT:💯🔥
Current Price: $0.1091 (Up by 3.31% in the last 24h)
24h High: $0.1128 | 24h Low: $0.1040
Key Technical Indicators:
Support Level (Strong): $0.1040 (24h Low) – The price is bouncing near this level, indicating potential support.
Resistance Level (Immediate): $0.1128 (24h High) – Price might face resistance here.
Trend Direction: Bullish momentum with a recent 3.31% rise.
Trade Momentum:
Strong Bullish Momentum: The current rise from $0.1040 to $0.1091 suggests an ongoing upward trend, possibly entering a new phase of an uptrend.
Trade Signal (Buy Recommendation):
Entry Point: Buy near $0.1091 for a potential rise to target levels.
Stop Loss: Set a stop just below $0.1040 to manage risk.
Target Levels (🎯):
First Target (🎯): $0.1120 – A short-term resistance level close to 24h High.
Second Target (🎯): $0.1150 – If upward momentum continues, this can be the next significant resistance.
Third Target (🎯): $0.1180 – A slightly higher resistance zone in a bullish trend continuation.
Trade Recommendation: Consider entering a long position if the price maintains momentum above $0.1091. Watch the market for a break above $0.1128 to confirm bullish continuation.