TNSR/USDT ⚠️ UPDATED $TNSR
Technical Analysis
1. Current Price: 0.6358 USDT, showing a significant gain (+14.99%).
2. Trading Volume: Volume is increasing, indicating strong buying interest.
3. Moving Average (MA):
MA7 (short-term): The price is above MA7, signaling a short-term bullish trend.
MA25 (long-term): The uptrend remains solid.
4. RSI (Relative Strength Index):
RSI Value: 61.07 (approaching overbought levels).
This indicates strong buying momentum but also warns of potential corrections.
5. MACD:
Positive histogram, with the MACD line above the signal line, confirming a bullish trend.
6. Stochastic: Approaching the overbought zone, suggesting a short-term pullback is possible.
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Strategy Recommendations
Buy Entry
1. Entry Levels:
Buy near 0.6250 (closest support level).
Alternative: Buy on breakout at 0.6790 if the price surpasses the daily resistance high.
2. Take Profit (TP) Targets:
TP1: 0.6700 USDT.
TP2: 0.7200 USDT (next psychological level).
3. Stop Loss (SL):
Place SL below the support level at 0.6000 USDT to limit potential losses.
Notes
Confirm Volume: Ensure volume remains high when the price approaches the entry area or during a breakout.
Watch RSI: If RSI exceeds 70, be cautious of potential corrections.
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Apply this strategy with proper risk management, and monitor the market in real time!