$STPT /USDT Technical Analysis & Trade Signal
Current Price: $0.05259 (+5.10% 24h change)
24h Range: $0.04882 - $0.05819
Technical Indicators:
SAR (Stop and Reverse): 0.05483 (Suggests potential reversal or trend change near this level)
Support Levels:
$0.04888: Immediate support, could provide a bounce.
$0.04841: Stronger support zone, further downside could face rejection here.
Resistance Levels:
$0.05524: Near-term resistance; break above could signal bullish continuation.
$0.05819: Key resistance level, breakout above may lead to higher momentum.
Trade Signal:
Momentum: Bullish (+5.10% increase in the last 24h), with moderate upward momentum after hitting the support zone.
Entry Point: Around $0.05260 if looking to capture a short-term rally.
Target Levels:
1. Target 1: $0.05524 (Immediate resistance)
2. Target 2: $0.05819 (Previous 24h high and major resistance)
3. Target 3: $0.06000 (Extended target if bullish momentum continues)
Trade Strategy:
Buy Zone: $0.05260 (or on a pullback near $0.05183).
Stop-Loss: $0.04850 (below key support).
Take-Profit: $0.05524, $0.05819, and $0.06000 based on the targets above.
Conclusion: The price is in a short-term bullish trend, with potential for further gains if resistance at $0.05524 is broken. Monitor the momentum for signs of reversal or continuation.
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