a short technical analysis of ARDR/USDT with trade signals and target levels:🚀🎯🎯💯
Technical Analysis:
Current Price: $0.08952
Trend: Slight bullish momentum (+1.72% in the past 24 hours), but caution is advised due to low volatility.
Key Support Level: $0.08794 (recent 24h low)
Key Resistance Level: $0.09085 (recent 24h high)
Trade Signal (Buy Setup):
Trigger: Buy if price sustains above $0.08930, signaling a breakout above current resistance.
Trade Momentum: Bullish momentum is building, but keep an eye on volume. Higher volume would confirm continued upward momentum.
Target Levels (Profit-taking):
1. Target 1: $0.09150 – Breakout and continuation towards the next resistance level.
2. Target 2: $0.09350 – Target higher resistance as price builds upward momentum.
3. Target 3: $0.09500 – Revisit prior highs, key level of psychological resistance.
Stop-Loss: Below $0.08794 (below the 24h low) to manage downside risk.
Conclusion: Short-term bullish bias, with price targeting higher resistance zones if momentum holds. Use proper risk management by setting stop-loss levels beneath key support.
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