$VIB
/USDT - Technical Analysis & Trade Signal
Technical Analysis:
Current Price: $0.08531 (recent dip of -6.96%)
Support: $0.08120 (24h Low)
Resistance: $0.09559 (24h High)
Trend: Bearish in the short term due to recent price drop, but testing support levels.
RSI: ~40-45 (indicating potential oversold condition, signaling a possible reversal)
MACD: Bearish cross observed, confirming a continuation of selling pressure.
Trade Signal:
Momentum: Currently negative (selling dominance), caution is advised, but potential reversal signals as support is tested.
Buy signal: Wait for a bounce off support and a confirmation of a bullish reversal at around $0.08120–$0.08200.
Target Levels:
1. Target 1: $0.08800 (Intermediate resistance level)
2. Target 2: $0.09100 (Previous support acting as resistance)
3. Target 3: $0.09500 (Reaching the upper resistance range)
Stop-Loss:
Place a stop-loss slightly below $0.08000 to protect against further downside.
This setup suggests a buy around current levels with cautious optimism if support holds, targeting a gradual recovery.