$NTRN /USDT Technical Analysis
Current Price: $0.6229
24h High: $0.6272
24h Low: $0.5033
Key Levels:
Support Level: $0.5033 (24h low) – This level acts as a strong support zone. If price drops below this, further downside could be expected.
Resistance Level: $0.6272 (24h high) – This is a crucial resistance. Break above this level could open up further bullish potential.
Moving Averages:
50 EMA: Indicates a slight upward trend, suggesting bullish momentum in the short term.
200 EMA: The price is above the 200 EMA, suggesting a general bullish trend for the medium-term.
RSI (Relative Strength Index):
RSI is currently in the neutral zone (50-70), indicating no extreme overbought or oversold conditions, but a potential for bullish continuation if it crosses above 70.
Trade Signals and Targets:
Bullish Scenario:
Entry Point: Enter near $0.6200 - $0.6250 for a potential uptrend continuation.
Target Levels (🎯):
1. Target 1: $0.6500 (First resistance level)
2. Target 2: $0.6700 (Next significant resistance zone)
3. Target 3: $0.7000 (Extended target)
Stop Loss: Place stop loss at $0.5850 to manage risk in case of a reversal.
Bearish Scenario:
Entry Point: If the price drops below $0.6000 and starts showing consistent bearish signals, short positions could be considered.
Target Levels (🎯):
1. Target 1: $0.5650 (Support area)
2. Target 2: $0.5400 (Lower support zone)
3. Target 3: $0.5000 (Major support)
Stop Loss: Place stop loss at $0.6300 to protect against further upside.
Momentum:
Bullish Momentum: If the price breaks above $0.6272 and sustains, expect a strong bullish continuation, targeting the next resistance levels.
Bearish Momentum: If the price falls below $0.6000 and fails to recover, a further drop towards the support levels can be expected. Monitor the RSI for any signs of overbought or oversold conditions to anticipate reversal points.