$IO

/USDT Technical Analysis and Trade Signal🚀🎯

Current Overview:

Price: $2.88 (+9.24%)

Resistance Levels: $3.010 (Bollinger UP), $3.036 (24h High)

Support Levels: $2.812 (Bollinger DN), $2.629 (24h Low)

Indicators:

Bollinger Bands: Price is trading above the middle band, indicating bullish momentum.

SAR (Stop and Reverse): SAR value at $2.942 acts as an immediate resistance level.

Trade Signal:

Momentum: Bullish

Entry Zone: $2.85–$2.90 (near current price or slight pullback).

Targets 🎯:

1. Target 1: $3.01 (Bollinger UP, immediate resistance).

2. Target 2: $3.15 (next resistance zone based on momentum and historical levels).

3. Target 3: $3.36 (psychological level and possible breakout zone).

Stop Loss:

Place a stop loss at $2.75, slightly below the Bollinger DN band and key support.

Trade Momentum:

Short-Term Momentum: Positive, driven by increasing volume and the price breaking above the Bollinger MB ($2.911).

Medium-Term Outlook: If the price sustains above $3.010, bullish momentum may extend to higher targets.

Strategy Notes:

Monitor the SAR level at $2.942 closely for potential pullbacks or trend reversals.

Watch the 24h volume; a surge above current levels (45.35M USDT) would further confirm bullish momentum.

Avoid entering trades if the price drops below $2.812, as this would signal weakening momentum.

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