$PERP 🔹 PERP/USDT Trading Analysis
📍 Current Price: $0.3535
📊 Trend Signal: Bullish (Short-Term Upswing)
⏳ Trade Duration: Intraday (1-4 Hours)
🔹 Technical Breakdown:
✅ Current Formed Candle Pattern:
Bullish Engulfing Candle - Indicates buying strength.
Near Upper Bollinger Band - Caution for possible retracement.
✅ Chart Pattern Analysis:
Trend Reversal Signal: Recovering from previous lows, forming a higher low pattern.
Potential Breakout Zone: Resistance around $0.3569 - $0.3636.
✅ Key Indicator Analysis:
Bollinger Bands: Price touching upper band—momentum strong but overextended.
Stochastic RSI: 100 (Overbought Zone) – Possible short-term pullback before another upward move.
Support Levels: $0.3432, $0.3295
Resistance Levels: $0.3569, $0.3636
🔹 Trade Setup:
📌 Entry: $0.3495 - $0.3535 (Buy on minor retracement)
🎯 Target (Exit): $0.3636 - $0.3700
🛑 Stop Loss: $0.3432
📌 Trading Strategy:
Enter after a slight pullback for better risk management.
Watch for volume surge at breakout levels.
🚀 Tip: If the price closes above $0.3569, expect further upside momentum.
⚠️ Risk Warning: Overbought RSI suggests a possible minor retracement before further upside.
🔻 Disclaimer: This is for educational purposes only. Always do your own research before trading! 🚀
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