should we buy it now?

$SUN

/USDT Technical Analysis and Trade Signals 🎯 🚀

1. Current Price: $0.03543 (+37.06%)

2. Bollinger Bands:

Upper Band: $0.03707

Middle Band: $0.03568

Lower Band: $0.03430

The price is moving near the middle band, showing room for further upward movement if buying pressure sustains.

3. SAR (Parabolic Stop and Reverse): $0.03800
Indicates resistance and a potential breakout level.

4. Volume:

High trading volume (83.57M USDT) supports current bullish sentiment.

5. Resistance Levels:

R1 (SAR): $0.03800

R2: $0.04300 (24h high)

6. Support Levels:

S1: $0.03430 (Bollinger lower band)

S2: $0.02393 (24h low)

Trade Strategy

Entry

Buy Zone: Enter near $0.03500-$0.03600 for a favorable risk-reward ratio.

Confirm entry with high volume and price consolidation above the Bollinger middle band ($0.03568).

Targets 🎯

1. Target 1: $0.03800

Close partial positions at SAR resistance.

Monitor for breakout potential.

2. Target 2: $0.04150

Near the upper resistance zone but below the 24h high ($0.04300).

Secure significant profits here.

3. Target 3: $0.04500

If the breakout sustains above $0.04300, this is an extended profit target.

Stop-Loss

$0.03400: Place just below the Bollinger lower band for downside protection.

Notes

Monitor volume spikes and momentum indicators for confirmation of trend strength.

If price drops below $0.03400, reconsider the trade to avoid deeper losses.

Adjust stop-loss and take-profit levels dynamically if volatility increases.

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