🚀 $1000CAT /USDT Technical Analysis & Trade Signal 🚀

Current Price: $0.02649

24h Change: -17.12%

🔥 Key Support & Resistance Levels 🔥

Support: $0.02601 (Recent low)

Resistance: $0.03220 (24h High)

📊 Technical Indicators Breakdown 📊

Moving Averages (MA): Bearish sentiment as price is below key moving averages.

RSI: 35, indicating an oversold condition — a potential reversal zone.

MACD: The MACD line is below the signal line, confirming short-term bearish pressure.

Volume: Decreasing volume signals a slowdown in market momentum.

🏆 Trade Signal & Strategy 🏆

Buy Signal

Entry Point: $0.02610 - $0.02650

Why?: Price nearing support with potential for a short-term bullish reversal. Confirm with a breakout candle above $0.02650.

Sell Signal

Exit Point: $0.03200

Why?: Strong resistance at the 24-hour high. Watch for price rejection here to secure profits.

🎯 Target Levels 🎯

1. Target 1: $0.02820

Reason: Previous support level now acting as resistance.

2. Target 2: $0.03000

Reason: A psychological resistance level.

3. Target 3: $0.03200

Reason: Key resistance from the 24h high.

⚡ Trade Momentum ⚡

Bearish: Overall sentiment remains bearish with the MACD and RSI pointing to potential downside.

Reversal Watch: Keep an eye out for bullish reversal patterns near support for an entry.

🛑 Risk Management 🛑

Stop Loss: Place a stop at $0.02550 to manage risk.

Position Size: Limit risk to 1-2% of total capital per trade.

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