From the chart you provided for $AERGO /USDT, here is a detailed analysis and trading plan:
Key Observations:
1. Current Price: 0.1766
2. 24h High: 0.1870
24h Low: 0.1518
Volume: 99.21M $AERGO or 16.53M USDT
3. Indicators:
EMA (7): 0.1695 (price is above this, signaling strong momentum).
EMA (25): 0.1636
EMA (99): 0.1584
Wm%R(14): -4.25 (overbought zone but still strong).
MACD: Bullish, with the histogram expanding upward.
Analysis:
$AERGO has experienced a strong rally, breaking above key EMAs and forming higher highs.
The resistance at 0.1870 (24h high) is significant. Breaking it could lead to further upside.
Wm%R indicates the asset is overbought, so a pullback may occur before continuing higher.
Suggested Trading Plan:
Buy Zone:
Entry Price: Between 0.1680 and 0.1720.
(Wait for a pullback closer to EMA 7 or EMA 25 for a safer entry).
Target Levels:
1. Target 1: 0.1850 (Near the recent high).
2. Target 2: 0.1920 (Breakout level and psychological resistance).
3. Target 3: 0.2000 (Long-term target if momentum remains strong).
Stop-Loss:
Place a stop-loss at 0.1580 (below EMA 99).
This ensures protection against a trend reversal.
Risk Management Tips:
Trade with only 2-3% of your portfolio for this setup.
Use a trailing stop to lock in profits if the price moves above 0.1850.
Monitor the volume and MACD. Increasing volume near resistance is a bullish sign.