Technical Analysis for $NFP

/USDT

Current Price: $0.3004 (+6.37%)

Trend: Bullish momentum with price trending upward over the last 24 hours.

Support Levels: $0.2714 (24h low) and $0.2809 (previous support).

Resistance Levels: $0.3013 (24h high) and $0.3028 (market depth resistance).

Key Indicators:

Moving Averages:

MA(5) indicates a short-term bullish trend with higher volume in the last 5 periods.

MA(10) shows moderate upward momentum.

Volume: Increasing buying pressure, especially with 8.80M NFP traded in the last 24 hours.

Momentum: Positive, with the price moving above key levels.

Trade Signals:

Buy Signal: If the price holds above $0.3000, consider entering with a short-term target.

Sell Signal: If the price drops below $0.2900, a pullback could occur.

Neutral Zone: Between $0.2900 and $0.3000, watch for confirmation before making a move.

Target 🎯:

1. Target 1: $0.3028 – Break above resistance; next logical price level.

2. Target 2: $0.3050 – Continuation of the bullish trend if momentum holds.

3. Target 3: $0.3100 – Potential extension of gains if strong buy support continues.

Momentum: Bullish, but be cautious of any sudden pullbacks after hitting resistance levels.

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