$QI
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: $0.02062
24h High: $0.02073
24h Low: $0.01867
Bollinger Bands:
Upper Band: $0.02088
Middle Band: $0.01974
Lower Band: $0.01860
Parabolic SAR: $0.01983 (uptrend)
Key Technical Levels:
Support: $0.01974 (Middle Bollinger Band), $0.01860 (Lower Bollinger Band)
Resistance: $0.02088 (Upper Bollinger Band), $0.02073 (24h High)
Trade Strategy: Momentum-Based Approach
Trend Analysis:
The price is currently in an uptrend, with momentum supported by a price above the Parabolic SAR and close to the upper Bollinger Band. The market depth shows more buy orders at $0.02073, suggesting strong support at this level. This indicates potential continuation if the price stays above the middle band ($0.01974).
Target Levels 🎯
1. Target 1: $0.02120
Reason: A small resistance area above the upper Bollinger Band ($0.02088) and a psychological level. Breakout above $0.02088 could push the price to this level.
Action: If the price sustains above $0.02088, enter a long position targeting $0.02120 with a stop loss around $0.01980.
2. Target 2: $0.02200
Reason: Potential target after a breakout or continuation beyond $0.02120. This price range is a reasonable next resistance level.
Action: After hitting $0.02120 and confirming upward momentum, move stop loss to break-even and aim for $0.02200.
3. Target 3: $0.02300
Reason: If the bullish momentum remains strong, this price level is a broader target based on recent market structure.
Action: As the price approaches $0.02200, adjust stops and evaluate momentum to move into the final target zone of $0.02300.
Stop Loss Strategy:
Initial Stop: Below $0.01974 (Middle Bollinger Band) or the Parabolic SAR level at $0.01983.
Trailing Stop: Once above $0.02088, implement a trailing stop to lock in profits and protect against any sudden reversals.