$GFT
/USDT Technical Analysis and Trade Signals 🚀 🎯
1. Price Action Overview: The current price of GFT/USDT is $0.0184, showing a significant +13.86% increase in the last 24 hours. The price is currently close to the upper range of the Bollinger Bands, indicating possible overbought conditions.
2. Key Indicators:
Bollinger Bands (20, 2):
Upper Band: 0.01842
Middle Band (MA): 0.01757
Lower Band: 0.01672
Parabolic SAR: 0.01702
Volume: 254.99M GFT in the past 24 hours, with a trading volume of 4.49M USDT.
24h High: 0.01880
24h Low: 0.01592
Market Depth: 14.68% at the range of 0.01880-0.01635 on Binance.
3. Current Trend:
The price is in an uptrend, trading near the upper Bollinger Band, suggesting bullish momentum but also a potential resistance zone.
Parabolic SAR being below the price (0.01702) confirms the uptrend.
The 24-hour volume indicates active trading, with a potential continuation of the bullish move.
Trade Signal
Buy Signal: If the price holds above 0.01757 (Middle Band) and breaks through 0.01842 (Upper Band), further momentum could push the price towards the next target levels. A confirmation is required with volume support above the average.
Sell Signal: A price drop below 0.01672 (Lower Band) and a move below the Parabolic SAR (0.01702) could signal a bearish retracement.
Target Levels 🎯:
1. Target 1: 0.01920 – If the bullish momentum continues, the next resistance area could be around 0.01920, which is slightly above the 24-hour high of 0.01880.
2. Target 2: 0.02000 – This is a psychological resistance level, and if the price breaks the first target with solid volume, it could reach the 0.02 level.
3. Target 3: 0.02150 – A further break of the 0.02 level could see the price approaching 0.02150, with the potential for a higher upward move.
Summary:
Buy near: 0.0175 (after confirming the support level)
Sell near: 0.01880 (if resistance holds) or if the price drops below 0.01672
Target Levels: 0.01920, 0.02000, 0.02150
