Technical Analysis for $BURGER
/USDT:🚀🎯
Current Price: $0.4542
Bollinger Bands:
Upper Band: $0.4506
Middle Band: $0.4345
Lower Band: $0.4183
SAR: $0.4338
24h High: $0.4542
24h Low: $0.3910
24h Volume (BURGER): 9.11M
24h Volume (USDT): 3.82M
Depth:
Buy Depth: +12.96%
Sell Depth: -12.18%
Key Levels:
Resistance: $0.4542 (recent high)
Support: $0.4338 (SAR) & $0.4183 (lower Bollinger Band)
Momentum Indicators:
The price is above the middle Bollinger Band, suggesting that the momentum is slightly bullish in the short term.
SAR is above the current price, signaling a potential short-term bearish trend or consolidation.
Trade Signals:
1. Target Level 1 (Bullish): $0.4650
Rationale: The price is currently testing the upper Bollinger Band. A break above this could lead to a price movement toward the next resistance at $0.4650.
Action: Buy near $0.4400–$0.4450 with a target of $0.4650, placing a stop-loss around $0.4300 for risk management.
2. Target Level 2 (Neutral/Bullish Continuation): $0.4800
Rationale: If the bullish momentum continues after a break above $0.4542, the next logical target is $0.4800, a potential level where profit-taking might occur.
Action: Hold if the price breaks past $0.4542, placing a trailing stop above $0.4450.
3. Target Level 3 (Bearish Correction): $0.4183
Rationale: If the price retraces or fails to break above $0.4542, the price could drop to test support around the lower Bollinger Band ($0.4183), with a possible bounce from there.
Momentum:
The overall momentum is bullish, but caution is advised due to the proximity of the price to the upper Bollinger Band and SAR resistance.
If the price consolidates between $0.4450 and $0.4542 for a while, a breakout above $0.4542 can indicate continuation toward the $0.4650–$0.4800 range.
Trade Plan:
Bullish: Buy on pullbacks to $0.4400–$0.4450 with targets at $0.4650 and $0.4800.
Bearish: Sell if price falls below $0.4338, targeting $0.4183.
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