🔰*TWT/USDT Analysis Update:*📊📌
The TWTUSDT pair is experiencing a bullish trend, with a potential breakout above the resistance level of 0.42. The Relative Strength Index (RSI) indicates a bullish position at 68.52.
Key Levels:
- Support: 0.38
- Resistance: 0.42, 0.45
Technical Analysis:
- RSI (14): 68.52 (Bullish)
- Stochastic %K (14, 3, 3): 83.15 (Buy)
- MACD (12, 26): 0.0025 (Buy)
- Bollinger Bands: Expansion (Increased Volatility)
Market Sentiment:
- Bullish: 85%
- Bearish: 15%
Trade Ideas:
- Long-term: Buy on dips, targeting 0.45 and 0.50
- Short-term: Scalp trades, utilizing support at 0.38
Additional Insights:
- TWT's 24-hour trading volume increased by 40%.
- On-chain data indicates growing buying pressure.
- Trust Wallet's adoption rate and fundamentals are improving.
Caution: Cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing.
Recommendation:
- Entry: 0.8135
- Take Profit: 0.9928
- Stop Loss: 0.6696
Next Update: Monitor for potential retracement to support levels and adjustment of trade ideas accordingly.
