The price of $BURGER /USDT is currently trading at $0.4260, with an impressive gain of 11.05%. The immediate resistance level is set at $0.4291, while the support lies at $0.3569. The recent surge in price shows strong bullish momentum, and traders should monitor whether the price can break through the resistance level for further upward movement.
For those considering a long trade, entering above the $0.4291 resistance could target price levels at $0.4400, $0.4500, and $0.4700. A stop loss near $0.4062 would be prudent to manage potential downside risk if the price reverses. This strategy allows for capitalizing on the current bullish momentum while limiting losses.
On the other hand, if the price fails to maintain this momentum and drops below the $0.4062 support level, a short trade could be considered. In this scenario, targets would be set at $0.3798, $0.3569, and $0.3532, with a stop loss around $0.4291. This approach provides an opportunity to profit from a potential retracement while managing risk effectively.
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