1. Technical Analysis
The price has recently bounced from 2.4600 USDT and hit a local high at 2.5300 USDT.
The price is currently 2.5142 USDT and facing some selling pressure after the rise.
MA(7): 2.5094 USDT, MA(25): 2.4999 USDT, MA(99): 2.4831 USDT.
Short-term: Above the 7-day MA → Bullish sentiment.
Mid-term: Approaching 25-day MA.
Long-term: Above 99-day MA → Long-term bullish.
Volume: Volume increased during the upward move, showing momentum, but is tapering off slightly.
MACD: Positive histogram but flattening → Early signs of weakening momentum.
RSI: At 62.17, indicating it’s in a neutral-to-bullish zone, but not yet overbought.
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2. Chart Patterns
Bullish Flag: The sharp upward move followed by consolidation (downward correction) suggests a bullish flag. A breakout above 2.5300 would confirm the pattern.
Double Bottom: The low at 2.4600 could indicate support if it gets tested again and holds.
Symmetrical Triangle: Forming on smaller timeframes, indicating indecision with a possible breakout.
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3. Trade Strategy
A. Scalping Strategy
Entry (Long): Enter at 2.5050 USDT (pullback near the 7-day MA).
Exit (TP): 2.5250 USDT → A 20-point scalp.
Stop Loss (SL): 2.4950 USDT.
Duration: 5-10 minutes.
Entry (Short): If price breaks below 2.5000 USDT, enter short.
Exit (TP): 2.4800 USDT.
Stop Loss (SL): 2.5100 USDT.
Duration: 5-10 minutes.
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B. Intraday Strategy
Long Entry: If price holds above 2.5094 USDT (7-day MA), enter around 2.5100-2.5150 USDT.
TP: 2.5450 USDT (previous resistance breakout).
SL: 2.4950 USDT (below the 25-day MA).
Duration: 3-6 hours.
Short Entry: On a breakdown below 2.4950 USDT.
TP: 2.4700 USDT.
SL: 2.5050 USDT.
Duration: 3-6 hours.
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C. Long-Term Strategy
Long Entry: Wait for a confirmed breakout above 2.5300 USDT.
TP: 2.6000 USDT (psychological level).
SL: 2.4700 USDT (support level).
Duration: 7-14 days.
Short Entry: If price rejects 2.5300 USDT and fails to sustain above 2.4999 USDT.
TP: 2.4400 USDT (recent low).
SL: 2.5100 USDT.
Duration: 7-14 days.
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4. Risk Management
Use 2-3% of capital per trade to manage risk.
Adjust leverage to no more than 5x for intraday, and 2x-3x for long-term positions.
Always set stop-loss and follow it strictly.
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5. Counter-Trade for Extra Gains
If the trade goes against you and hits stop-loss:
Look for a reversal signal (e.g., bullish engulfing candle or divergence in RSI).
Enter in the opposite direction with a tight stop-loss to recover losses and ride momentum.
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6. Market Sentiment Analysis
Current momentum remains bullish with price above major MAs.
Monitor volume spikes for confirmation of breakouts.
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Disclaimer
This is not financial advice. Markets are unpredictable, and you should conduct your research before making trades. Follow proper risk management strategies.
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Final Recommendation
Most Favorable Position: Long entry above 2.5150 USDT with TP at 2.5450 USDT (intraday).
Counter-Trade: Short on rejection at 2.5300 USDT.
By applying this structured approach, you can maximize gains while minimizing risks across all timeframes.