$ONE

/USDT Technical Analysis and Trade Signal🎯🚀

Current Data

Current Price: $0.02742

24h Range: $0.01715 - $0.02950

Volume (24h): Strong with 2.90B ONE and $64.79M USDT

Bollinger Bands (20, 2):

Upper Band: $0.02637 (currently broken, indicating overbought)

Middle Band: $0.02129 (support zone)

Lower Band: $0.01621 (unlikely immediate retrace target)

SAR: $0.02103 (bullish trend)

Trade Momentum

The bullish breakout above the Bollinger Bands' upper limit and strong volume suggests a momentum-driven uptrend. However, the sharp price increase could lead to resistance near the recent high ($0.02950).

Trade Signal: Long Position

Entry Point:

Ideal: $0.02600 - $0.02700 (on pullback)

Aggressive: $0.02750 (current price, expecting momentum continuation)

Stop Loss:

$0.02100 (below SAR level and Bollinger Middle Band)

Target Levels 🎯:

1. Target 1 (Short-Term): $0.02950 (recent high, likely first resistance)

2. Target 2 (Mid-Term): $0.03200 (psychological resistance and extended breakout)

3. Target 3 (Long-Term): $0.03500 (next major resistance zone from historical data)

Risk-Reward Ratio:

Entry: $0.02600 - $0.02750

Stop Loss: $0.02100

Targets: $0.02950, $0.03200, $0.03500

The potential for reward is high with manageable downside.

Momentum Confirmation

Bullish Signs:

Trading above SAR ($0.02103)

Volume supports upward breakout

Price above Bollinger Bands' upper limit

Watch Resistance: $0.02950 (may lead to consolidation or retrace)

Recommendation

Monitor for a pullback to $0.02600 - $0.02700 for a safer entry.

If the price breaks $0.02950 with volume, consider adding to positions targeting $0.03200 and $0.03500.

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