The price of TKO has recently surpassed its 24-hour high, suggesting a potential shift toward an uptrend. This breakout is supported by positive technical indicators, reinforcing a bullish outlook.
Price Movement: The asset has displayed strong upward momentum, surpassing its 24-hour high, signaling robust buying activity.
MACD (Moving Average Convergence Divergence):
The MACD line is positioned above the signal line, indicating bullish momentum. Further upward movement of the MACD would confirm this ongoing trend and could forecast additional price gains.
Volume: Current trading volume supports the upward trend, though a noticeable increase in volume would further validate the strength of the uptrend.
Potential Resistance Levels:
0.3927: The price is approaching this critical resistance point. A decisive break above this level, particularly with strong volume, could open the door for additional upward movement.
Suggested Trading Approach:
Entry Point: Consider entering a long position if the price breaks above the 0.3927 resistance level, especially if accompanied by higher volume.
Risk Management:
Implement a stop-loss order just below a key support level to manage potential losses.
Profit Target:
Set a profit target near the next resistance level at 0.4356 or based on a predetermined percentage return.
Disclaimer:
This is not financial advice; trading carries risks. Always trade responsibly.
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#CPI_BTC_Watch #TON #CPI_BTC_Watch #TON #DOGSO
