Trading Signals for $GOAT (Goatseus Maximus)
Action: Scalping Strategy (Long and Short Positions)
Entry Range: $0.488 - $0.495
SL: Below entry ($0.483 - $0.490)
TP: Above entry ($0.498 - $0.569)
GOAT is currently experiencing a -7.76% dip over the past 24 hours, suggesting short-term bearish sentiment but high volatility (Vol/Mkt Cap at 34.11%). With a 24-hour low of $0.4874 and high of $0.5374, the price action indicates consolidation near support levels around $0.49.
Given the large circulating supply and volume, a scalping opportunity emerges around this range. For long positions, look for a breakout above $0.495 with momentum targeting key resistance levels at $0.52 and beyond. For short positions, failure to hold support at $0.487 could signal further downside, targeting $0.475 as a profit zone.
To mitigate risk, set stop-losses 0.5%-1.5% below entry points and take partial profits at 2%, while holding for extended targets if momentum supports it.
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๐จ Note: Trade at your own risk; this signal is not guaranteed. DYOR.
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