$TWT
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: $1.2489
Trend: Bullish (price trading near the upper Bollinger Band and above SAR)
Momentum: Strong upward movement supported by volume increase and alignment with key indicators.
Key Indicators
1. Bollinger Bands (20, 2)
Upper Band: $1.2555 (near resistance)
Middle Band: $1.2037 (support)
Lower Band: $1.1520
The price hovering near the upper band indicates bullish momentum, but caution is warranted near overbought conditions.
2. Parabolic SAR
Current Value: $1.2144 (bullish signal as SAR is below the price).
3. Volume
Significant 24h trading volume indicates increased interest, confirming the current uptrend's strength.
4. Resistance & Support Levels
Immediate Resistance: $1.2550 (Bollinger Upper Band).
Key Support: $1.2140 (SAR) and $1.2030 (Middle Bollinger Band).
Trade Strategies
1. Momentum Strategy (Short-term Scalping)
Entry: Near $1.2450–$1.2480 on pullbacks.
Stop Loss: Below $1.2140 (SAR value).
Target Keys 🎯:
Target 1: $1.2550 (Resistance and upper Bollinger Band).
Target 2: $1.2690 (next psychological level).
Target 3: $1.2900 (extension level if momentum continues).
2. Trend Continuation Strategy (Medium-term Swing Trade)
Entry: On a confirmed breakout above $1.2555 with volume.
Stop Loss: Below $1.2030 (Middle Bollinger Band).
Target Keys 🎯:
Target 1: $1.2700
Target 2: $1.3000
Target 3: $1.3500 (longer-term Fibonacci extension).
3. Retracement Strategy (Dip Buying)
Entry: Near $1.2030–$1.2150 (support zones).
Stop Loss: Below $1.1800 (significant support breach).
Target Keys 🎯:
Target 1: $1.2480
Target 2: $1.2690
Target 3: $1.2900
Trade Momentum
Momentum is bullish, supported by:
1. Rising volume.
2. Parabolic SAR position.
3. Price action near the upper Bollinger Band.
However, traders should remain cautious near resistance ($1.2550–$1.2700) and watch for a breakout or reversal signals such as declining volume or bearish MACD crossover.