$FARM
/USDT technical analysis with trade signals🚀🎯
Technical Analysis
1. Current Price: $55.21 (+3.76%)
2. Bollinger Bands:
Current price is near the upper band ($55.17), signaling potential resistance or breakout.
3. SAR:
At $52.59, indicating an ongoing uptrend as the SAR is below the price.
4. Volume:
24h Volume indicates decent trading activity, supporting upward momentum.
5. Momentum:
Short-term bullish momentum is evident with higher lows and movement above the Bollinger Bands' midline ($53.86).
If the price maintains above $54.00, continuation toward resistance levels is likely.
Trade Signal
Trend: Bullish
Entry Point: $55.00 - $55.50 (on pullback or confirmation of breakout)
Stop Loss: $52.50 (below key support and Bollinger Bands' lower limit)
Momentum Confirmation: Hold above $54.50 with steady volume.
Target Levels 🎯
1. Target 1: $56.50
Minor resistance from short-term price fluctuations.
2. Target 2: $58.00
Strong resistance near psychological and historical levels.
3. Target 3: $60.00
Major resistance and psychological barrier. A breakout above this signals strong bullish momentum.
Trade Momentum
Bullish with caution near $55.40 (24h High and upper Bollinger Band).
Consolidation or pullback to $54.50 could offer re-entry for higher targets.