$REZ

/USDT Technical Analysis and Trade Signal 🚀 🎯

Current Price Action:

Price: $0.04132

Trend: Bullish

Momentum: Strong upward momentum with a +18.53% price increase. Price is above the upper Bollinger Band ($0.04061) and the SAR ($0.03732), indicating a continuation of the upward trend.

Key Indicators:

1. Bollinger Bands (20, 2):

Price above the upper band signals potential overbought conditions but strong bullish sentiment.

Support from the middle band ($0.03782).

2. Parabolic SAR:

SAR at $0.03732 supports the current bullish trend.

3. Volume:

High 24h volume (201.32M REZ), validating the current upward momentum.

4. MACD and RSI:

If needed, these should confirm upward momentum (RSI above 70 or MACD divergence).

Trade Signal: Bullish Continuation

Entry: $0.04130-$0.04140

Stop-loss: $0.03730 (below SAR and middle Bollinger Band for risk management)

Target Levels 🎯:

1. Target 1: $0.04300 (psychological resistance and round number)

2. Target 2: $0.04550 (extension above 24h high, aligning with recent upward momentum)

3. Target 3: $0.04800 (next significant resistance based on historical levels or Fibonacci projection)

Trade Momentum:

Strength: Strong (Bullish breakout with volume)

Risk: Moderate (overbought conditions suggest possible short-term pullback)

Strategy:

Enter near the current price with close monitoring.

If price consolidates or retraces toward the middle Bollinger Band ($0.03782), consider averaging in.

Trail stop-loss as the price progresses to lock in profits.

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