📊 Technical Analysis: $REQ

#BTCBelow92K Q/USDT

Current Market Overview:

Price: $0.1509

24h Change: +5.93%

Volume: 142.16M REQ / 19.78M USDT

24h High/Low: $0.1509 / $0.1252

The REQ/USDT pair has shown a strong bullish momentum, breaking out of key resistance levels and presenting exciting trading opportunities.

Technical Levels to Watch

🎯 Target 1 - $0.1600 (Short-Term Resistance):

The first resistance level lies at $0.1600. If the bullish trend persists, this level could be tested within the next trading sessions. This is a key psychological barrier and a potential profit-taking point for intraday traders.

🎯 Target 2 - $0.1750 (Mid-Term Resistance):

A break above $0.1600 would signal continuation toward $0.1750. This level aligns with historical resistance from previous uptrends, making it a critical test for buyers’ strength.

🎯 Target 3 - $0.2000 (Major Breakout Zone):

If momentum sustains, $0.2000 could act as a significant breakout level. This is a key Fibonacci extension and aligns with prior bullish runs, signaling a shift to a long-term bullish structure.

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Key Indicators:

RSI: Near overbought at 68, suggesting caution but still room for upward movement.

MACD: Bullish crossover, confirming strong momentum.

Volume: Increasing, indicating healthy buyer interest.

📈 Strategy Tips for Traders:

1. Short-Term Traders: Consider partial exits near $0.1600 to secure gains.

2. Swing Traders: Monitor $0.1750 for sustained bullishness.

3. Long-Term Investors: Look for confirmation of $0.2000 to hold for higher potential targets.

Stay updated with the market and manage your risk effectively. Happy trading! 🚀

Disclaimer: This is not financial advice. Always do your own research.