$MINA
/USDT Technical Analysis with Trade Signals 🚀
1. Current Price: 0.8698
2. Support Levels:
Primary Support: 0.8603 (Lower Bollinger Band)
Secondary Support: 0.8227 (24h Low)
3. Resistance Levels:
Primary Resistance: 0.8721 (Upper Bollinger Band)
Secondary Resistance: 0.8726 (24h High)
4. Trend Indicators:
Bollinger Bands: The price is testing the upper band at 0.8721, suggesting a range-bound or breakout scenario. A price break above 0.8726 could confirm bullish momentum.
Parabolic SAR: The SAR is at 0.8715, reinforcing the bullish trend as the price is currently above this level.
Momentum: The price has been fluctuating between the middle and upper Bollinger Bands, indicating indecision, but with slight upward bias.
Trade Signal:
Trade Direction: Bullish (Buy Signal), with a breakout above 0.8726 or a pullback to support around 0.8603.
Entry Point:
Aggressive Entry: Above 0.8726, confirming a breakout.
Conservative Entry: A pullback near the middle Bollinger Band at 0.8662.
Target Levels 🎯:
1. Target 1 (First Resistance): 0.8800 – A natural resistance zone after the upper Bollinger Band (0.8721).
2. Target 2 (Extended Resistance): 0.8880 – A potential resistance based on the recent highs.
3. Target 3 (Ultimate Bullish Target): 0.9000 – A psychological resistance zone, and likely the next major level if momentum continues.
Stop Loss:
Stop Loss: Below 0.8603 (Bollinger Lower Band), as this would indicate a reversal or loss of bullish momentum.
Trade Momentum:
Short-Term Momentum: Neutral to Bullish. The price is staying above the SAR and near the upper Bollinger Band, which suggests that bullish momentum could continue with a breakout.
Long-Term Momentum: Bullish if the price sustains above 0.8726, with potential to continue toward 0.8880 and 0.9000 levels.
Summary:
Key Levels: Watch for a breakout above 0.8726 or a pullback to 0.8603.
Actionable Trade: Buy above 0.8726 with targets at 0.8800, 0.8880, and 0.9000.
Stop Loss: Place below 0.8603 for risk management.
