$DOT
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: $10.06
Bollinger Bands (20, 2):
Upper Band: 10.109
Middle Band (MB): 10.003
Lower Band: 9.898
The price is near the upper band, indicating bullish momentum.
Parabolic SAR (0.02, 0.2): 9.928
The price is above the SAR, confirming an uptrend.
24h High: 10.390
24h Low: 8.455
Trend Analysis:
Bullish Trend: The price is trending above the middle and upper bands of Bollinger Bands, confirming an uptrend. The Parabolic SAR also supports this with its positioning below the current price.
Support Level: 9.898 (Lower Bollinger Band) and 9.928 (SAR).
Resistance Level: 10.390 (24h High).
Trade Strategy
1. Target 1 🎯 (Short-Term)
Entry: $10.00 - $10.05 (current price zone)
Target Price: $10.30 (near the upper Bollinger Band and 24h High resistance)
Stop Loss: $9.80 (below the middle Bollinger Band and SAR)
2. Target 2 🎯 (Mid-Term)
Entry: $10.05 - $10.10
Target Price: $10.50 (potential breakout above the 24h High and continuation of the uptrend)
Stop Loss: $9.85 (near the SAR and middle Bollinger Band)
3. Target 3 🎯 (Long-Term)
Entry: $10.10 - $10.20
Target Price: $10.70 (projected level if the trend continues and breaks higher)
Stop Loss: $9.90 (conservative stop below the SAR)
Trade Setup:
Trend Confirmation: Look for the price to stay above the SAR (9.928) and the upper Bollinger Band (10.109). If the price breaks above the 24h high of 10.390, it confirms continued bullish momentum.
Risk Management: Use a tight stop loss (below the SAR or middle Bollinger Band) for short-term targets to manage risk effectively.
Key Notes:
Uptrend Confirmation: The price needs to remain above the SAR and stay near the upper band of the Bollinger Bands. A break below $9.80 would indicate a potential trend reversal.
Watch for Breakouts: A breakout above $10.39 (24h high) could signal further bullish movement, with the next target at $10.70.