$C98 /USDT Technical Analysis & Trade Signals
Current Price: $0.2646 (+13.81%)
Trend: Bullish (short-term)
Support & Resistance Levels
Key Support (S1): $0.2134
Immediate Resistance (R1): $0.2725
Major Resistance (R2): $0.3000
Trade Momentum Analysis
Moving Averages (MA): Price is trading above the 20-day MA, indicating bullish momentum.
RSI (Relative Strength Index): RSI is around 65, close to the overbought zone but with room for further upward movement.
MACD: Bullish crossover, suggesting momentum in the upward direction.
Volume: Significant increase in 24h volume reflects strong buyer interest.
Trade Signals
Entry Zone: $0.2550 - $0.2650 (upon price consolidation or breakout above $0.2700)
🎯 Target Levels:
1. Target 1 (T1): $0.2850
2. Target 2 (T2): $0.3000
3. Target 3 (T3): $0.3200
Stop-Loss:
Place a stop-loss at $0.2400 to manage risk.
Momentum Strategy:
Short-Term Traders: Look for a breakout above $0.2725 to ride the momentum toward T1.
Mid-Term Traders: Target T2 and T3 with partial profit booking along the way.
Risk Management: Monitor trading volume and RSI to avoid overbought conditions.
Trade Tip:
This is a high-volatility setup, ideal for traders who can monitor price action closely. Stay alert for news or community-driven sentiment shifts in the DeFi space.