Keep a eye

$FARM TRADE ALERT – CRUCIAL LEVELS AHEAD! 🔥🔥‼️

Current Price: $56.75
Timeframe: 15-minute chart (Binance)

Spot Trade Signal:

• Entry Point: $56.50-$57.00
• Targets:
• Target 1: $60.00
• Target 2: $63.50
• Target 3: $68.00 (24-hour high)
• Stop Loss: $54.50
• Risk-Reward: Optimal for short-term gains.

Strategy:
FARM is showing consolidation near the $56.50 support level. A breakout above $58.00 could confirm bullish momentum, targeting $60.00 and higher. Watch for volume spikes and RSI confirmation.

Futures Trade Signal:

• Long Entry: $57.00 (after confirmation of breakout above resistance)
• Targets:
• Take-Profit 1: $60.00
• Take-Profit 2: $63.50
• Take-Profit 3: $68.00
• Stop Loss: $54.50
• Short Entry: $54.50 (if price breaks support at $56.50)
• Targets:
• Take-Profit 1: $52.50
• Take-Profit 2: $50.00
• Take-Profit 3: $47.50
• Stop Loss: $57.00

Risk Management:
For futures trading, leverage should be set conservatively (e.g., 3x–5x) due to market volatility. Monitor critical levels closely, as a breach in either direction could result in significant movement.

Key Observations:
• Resistance: $58.00, $60.00
• Support: $56.50, $54.50
• 24-hour high: $70.00
• Momentum: Consolidation near support suggests a potential breakout.

Stay sharp—volatility could bring rapid movements!

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