$T
/USDT Technical Analysis and Trade Strategy 🎯
Current Price: 0.03762 USDT (up 9.11% in the last 24 hours)
Bollinger Bands: The price is above the middle band (0.03423) and is testing the upper band (0.03703), signaling bullish momentum. If the price stays above 0.03703, it could move further towards the upper resistance levels.
Parabolic SAR: The current SAR level is 0.03276, which acts as support for the price. If the price retraces, 0.03276 is a potential level to hold.
Volume: Volume has been increasing, with a 24-hour volume of 274.16M T, indicating strong participation in the market, which can support a bullish move.
Trade Setup
Trend: Bullish, as the price is above the middle Bollinger Band and moving towards the upper band.
Entry Strategy: Consider entering the trade if the price consolidates around 0.03703 or above, confirming that the price holds its bullish momentum.
Stop Loss: Place a stop loss near 0.03276, which is the Parabolic SAR level, to protect from sudden downturns.
Target Levels 🎯
1. Target 1 (Primary Resistance): 0.03850 USDT – This is a key resistance zone above the upper Bollinger Band (0.03774). A breakthrough here could lead to higher targets.
2. Target 2 (Secondary Resistance): 0.04000 USDT – A psychological level, if the bullish momentum continues, this level could be reached.
3. Target 3 (Extended Resistance): 0.04150 USDT – If the bullish trend continues without major retracements, this could be the next resistance area.
Trade Strategy Summary:
Enter: When the price holds above 0.03703 or when a breakout above 0.03774 occurs.
Stop Loss: Set below 0.03276 (Parabolic SAR) for protection.
Take Profit: Target 0.03850, 0.04000, and 0.04150 as the price moves higher.