$UFT
/USDT - Technical Analysis & Trade Signal🔥💯
Overview:
UFT/USDT shows a bullish trend with a +2.15% gain in the past 24 hours. The price has recently reached a key resistance around 0.3453 USDT.
Key Technical Indicators:
Support: Around 0.3195 USDT (24h Low), indicating a solid base for price stability.
Resistance: Around 0.3453 USDT (24h High), which needs a breakout for further upward movement.
RSI (Relative Strength Index): Showing neutral-to-bullish momentum, suggesting room for upward movement but near overbought levels.
MACD: Positive cross, signaling bullish momentum.
Trade Signal:
Bias: Bullish trend continuation with moderate risk.
Entry: 0.3310 - 0.3320 USDT (Current level)
Target Levels 🎯:
1. Target 1: 0.3400 USDT - Short-term resistance, first profit-taking level.
2. Target 2: 0.3450 USDT - Strong resistance zone, where a breakout could initiate further upward movement.
3. Target 3: 0.3500 - 0.3600 USDT - Medium-term potential level after a successful breakout above resistance.
Stop Loss:
Set below 0.3195 USDT for risk management, to protect against a sharp downturn.
Trade Momentum: Bullish, with positive momentum indicated by MACD and minor retracements possible before further gains. Be cautious of overextension towards higher levels (closer to 0.3500 USDT).
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