$CTXC

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: 0.4948 (Up +17.67% in the last 24 hours)

Key Indicators:

Bollinger Bands (20, 2):

Upper Band: 0.4932

Middle Band (SMA): 0.4565

Lower Band: 0.4198

Parabolic SAR: 0.4376 (indicating an uptrend)

Trend: The price has recently broken through the upper Bollinger Band and is showing strong bullish momentum. The SAR indicator is also indicating a positive trend. Given the current structure, we are in a bullish phase, but it’s important to be cautious of potential pullbacks as the price tests the upper range.

Trade Momentum:

The 15m timeframe shows a strong upward momentum of +19.91%.

The 1h timeframe has a slight pullback of -0.51%, suggesting short-term consolidation or retracement.

The 4h timeframe indicates a +15.74% move, confirming the continuation of a longer-term uptrend.

The 1D shows a steady increase of +12.10%.

Trade Signal:

Entry Signal: Buy when the price holds above the middle Bollinger Band (0.4565), especially if it shows strong support at the 0.4932 level. Wait for confirmation with positive momentum indicators or bullish candlestick patterns.

Target Levels 🎯:

1. Target 1: 0.5100 – Previous resistance level and a potential point of profit-taking.

2. Target 2: 0.5400 – A key level based on the extended bullish trend.

3. Target 3: 0.5800 – Potential next resistance level if momentum sustains.

Stop Loss:

Set the stop loss just below the lower Bollinger Band at 0.4198 to protect against significant reversals.

Final Notes:

Watch for any retracements toward the middle Bollinger Band (0.4565), as this could offer an opportunity to enter at a lower price with an increased risk/reward ratio.

Monitor for any breakout above 0.5083 (previous high) to signal continued upward momentum.

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