$DGB
/USDT Technical Analysis and Trade Strategy 🚀 🎯
Technical Analysis:
Current Price: $0.01990
Key Support Levels:
First Support: $0.01857 (Middle Bollinger Band)
Second Support: $0.01666 (Lower Bollinger Band)
Third Support: $0.01500 (24h Low)
Key Resistance Levels:
First Resistance: $0.02049 (Upper Bollinger Band)
Second Resistance: $0.02200 (Psychological resistance level)
Indicators:
Bollinger Bands: The price is currently near the upper band, suggesting a potential resistance around $0.02049. If the price breaks above this level, the next resistance is near $0.02200.
Parabolic SAR: $0.02020. The SAR is still below the price, indicating an ongoing bullish trend.
Volume: 24h volume is high at 1.61B DGB, which supports the current bullish movement.
Trade Strategy:
1. Entry Point:
Buy: Enter the trade around $0.01980-$0.02000 if the price stays above the middle Bollinger Band ($0.01857). A confirmation above the SAR value of $0.02020 is also a good entry trigger.
2. Target Levels:
Target 1: $0.02049 (Upper Bollinger Band) – This is the first resistance zone, and it may act as a short-term exit point for partial profits.
Target 2: $0.02200 – If the price breaks through $0.02049, the next resistance level is around $0.02200. It is a good area to lock in profits.
Target 3: $0.02500 – If the bullish trend continues beyond $0.02200, consider this as the next key target.
3. Stop Loss:
Place a Stop Loss just below the middle Bollinger Band at around $0.01800, or slightly below $0.01500 if the trend weakens. This will protect your position in case of a downside reversal.
Trade Setup:
1. Entry: $0.01980 - $0.02000
2. Target 1: $0.02049
3. Target 2: $0.02200
4. Target 3: $0.02500
5. Stop Loss: $0.01800 (or below $0.01500)