💯 percent Expected bullish movement🚀🚀🚀
Technical Analysis of $REI /USDT:
Current Price: $0.06079 (+3.47% in the last 24 hours)
24h High: $0.06469
24h Low: $0.05845
Trading Volume: 116.83M REI (7.17M USDT)
Key Indicators:
Support Level: $0.05845 (24h Low)
Resistance Level: $0.06469 (24h High)
SAR (Stop and Reverse): 0.06178 (SAR at 0.02), 0.06490 (SAR at 0.2)
RSI (Relative Strength Index): Assuming RSI is not provided, the price increase of 3.47% indicates bullish momentum, possibly nearing overbought levels if RSI crosses 70.
Trade Signal:
Trend: Currently, there is a bullish momentum in the market, as the price has risen by 3.47% in the last 24 hours. The price is holding steady above key support levels.
Trade Setup & Targets:
1. Target 1 (Bullish Target): $0.06338 (Near recent resistance and SAR 0.02 level)
Trade Signal: Buy if the price holds above $0.06000, aiming for a short-term target near $0.06338.
2. Target 2 (Medium-term Target): $0.06469 (24h High)
Trade Signal: If momentum continues, take profit at $0.06469, watching for a potential resistance break.
3. Target 3 (Extended Target): $0.06800
Trade Signal: If the price breaks above $0.06490 (SAR at 0.2), a continuation towards $0.06800 could be expected.
Trade Momentum:
Current Momentum: Bullish with positive price movement (+3.47%), suggesting further upside potential if price holds above $0.06000.
Risk/Reward: Consider placing a stop-loss around $0.05845 (24h Low) for a favorable risk/reward ratio.
Conclusion:
Buy if price stays above $0.06000, aiming for targets at $0.06338, $0.06469, and $0.06800.
Watch for signs of reversal or significant drop below support at $0.05845.
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