$DF Complete Trading setup 🚨🚨🚨🚨
Hello $DF holders here is the Complete Technical Analysis of This coin 👇👇👇👇
Support and Resistance Levels
1. Resistance Levels:
First Resistance (R1): $0.09249 (recent swing high).
Second Resistance (R2): $0.11929 (24-hour high, strong resistance).
2. Support Levels:
First Support (S1): $0.06176 (middle Bollinger Band and consolidation zone).
Second Support (S2): $0.05275 (24-hour low, crucial support).
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Short and Long Position Entry Points
1. Long Position Entry:
Enter near $0.06200–$0.06400 if the price consolidates around the support zone or shows bullish signals like higher lows or strong volume.
Confirmation indicators: Bullish engulfing candle or RSI oversold conditions.
2. Short Position Entry:
Enter around $0.09200–$0.09400, the recent rejection level. Look for bearish confirmation like a double top or RSI overbought conditions.
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Target and Stop Loss
1. Long Position:
Target: $0.07450 (mid-term), $0.09200 (long-term).
Stop Loss: $0.06000 (below support).
2. Short Position:
Target: $0.06500 (middle Bollinger Band) or $0.06200 (lower Bollinger Band).
Stop Loss: $0.09600 (above resistance).
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Market Insights
1. Technical Indicators:
Bollinger Bands: Price is retracing from the upper band, indicating possible mean reversion toward the middle or lower band.
MA (Moving Averages): Short-term moving average is sloping upward, suggesting recent bullish momentum.
Volume Analysis: A spike in volume occurred near $0.09249, suggesting resistance from sellers at that level.
2. RSI and Momentum:
RSI likely shifted from overbought levels due to the recent price drop. If it approaches oversold, watch for a reversal signal.
Caution:
Watch for sudden market sentiment changes, as this coin experienced high volatility (+28% in 24 hours).
Use trailing stop-losses to lock in profits in case of unexpected reversals.
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